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Friday, October 25, 2024

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U.S.-India Alliance for Women’s Economic Empowerment convenes first in-person meeting

The U.S.-India Alliance for Women’s Economic Empowerment and the U.S.-India Business Council (USIBC) convened the inaugural Alliance members meeting recently on the margins of USIBC’s Ideas Summit. The Alliance, launched in 2021, aims to dismantle silos between public and private entities, fostering collaboration to accelerate women’s economic security.

 

Ambassador-at-Large for Global Women’s Issues and Alliance co-chair, Dr. Geeta Rao Gupta, delivered opening remarks. She was joined by fellow U.S. Department of State Alliance co-chairs, Assistant Secretary for South and Central Asian Affairs Donald Lu, and Deputy Assistant Secretary for India Nancy Izzo Jackson, and USAID Deputy Assistant Administrator for Asia Änjali Kaur.

 

“Women’s safe and meaningful economic participation is one of the most important issues of our time,” said Assistant Secretary Lu. “It is a pillar of secure, educated, healthy, and prosperous societies. Few other issues rival its potential to transform India’s future – and the world’s.”

 

Ambassador Rao Gupta emphasised the challenges and opportunities in advancing women’s economic participation in India. Despite progress, India ranks 142 out of 146 countries in economic parity and opportunity, according to the World Economic Forum’s Global Gender Gap report. Women’s formal labor force participation remains significantly below the global average, and gender-based violence persists as a major issue.

 

“As India reassumes its historic place as a global power, its economic success story can only be complete by uplifting Indian women in education and the workforce,” said Ambassador (ret.) Atul Keshap, President of the U.S. Chamber of Commerce’s U.S.-India Business Council. “That’s why empowering women to succeed in the formal economy is a key topic at the 49th India Ideas Summit. Together with the State Department, our Alliance anchor partners, and Alliance members, we advanced actionable initiatives to equip women to contribute across all sectors of Indian industry, including civil aviation, hospitality, manufacturing, and renewable energy.”

 

The Alliance has three main objectives: advancing women’s corporate workforce participation, including through safety in the workforce; promoting women’s entrepreneurship; and increasing the presence of women and girls in STEM fields.

 

During the meeting, Alliance members discussed ongoing initiatives and explored new opportunities for collaboration. Ambassador Rao Gupta encouraged participants to use the forum to share ideas and establish new partnerships that could drive transformative change.

 

“We are all here because our commitment to women’s economic inclusion goes beyond mere compliance,” she noted. “Achieving meaningful inclusion requires funding, expertise, networks, and thoughtful collaboration. This is the essence of what the Alliance seeks to achieve.”

 

USAID Deputy Assistant Administrator for Asia Änjali Kaur, emphasised how the Alliance is a vital platform to drive collaboration towards shared goals. “USAID is proud to be a co-chair of the U.S.-India Alliance for Women’s Economic Empowerment. Through USAID’s work across corporate, philanthropic, and civil society sectors, we are driving impactful change to help women transition from the informal to the formal economy and thrive.”

 

As the meeting concluded, Deputy Assistant Secretary Nancy Izzo Jackson urged members to stay focused on the strategic importance of their work. “When women are economically secure, their families thrive, communities prosper, and nations grow stronger.”

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