Hyderabad: As many as 61 women-owned businesses graduated from the 2nd edition of Walmart’s Women Entrepreneurship Development Program (WEDP 2.0).
They underwent training to enhance professional and soft skills to help strengthen their businesses.
WEDP 2.0, Supported by Walmart, was announced in September 2017 with WEConnect International, Thinkthrough Consulting and Amity University as implementation and training partners respectively. Walmart India, wholly owned subsidary of Walmart Inc, had announced culmination of the 2nd edition in April.
The WOBs, as per the Walmart India, manage businesses of different product categories. They are located in Andhra Pradesh, Delhi NCR, Maharashtra, Telangana and Uttar Pradesh.
The US retail giant had launched WEDP in India to build a pipeline of robust businesses for the industry at large in April 2016 .
In partnership with Vrutti and WEConnect International, the first edition of WEDP was started with 32 selected WOBs in the first batch.
Walmart said that it has an ongoing commitment to empower women around the world and help women-owned businesses (WOBs) succeed and grow.
The company had launched the Global Women’s Economic Empowerment (WEE), a five-year initiative to use Walmart’s size and scale to improve the lives of under-served women around the world in September 2011.
As part of the initiative, Walmart committed to source USD 20 billion from women-owned businesses for its US business and double sourcing from WOBs internationally. While the company achieved the USD 20 billion sourcing goal for the U.S. in 2016, it continues to work toward the international goal to double sourcing from WOBs in other markets.
Walmart is also working to improving the livelihoods of small and medium sized farmers in growing economies. The retail major supports farmers through its global sourcing program.
Walmart and the Walmart Foundation have supported Market Readiness for Farmers (Andhra Pradesh), Sunhara Prayas (four districts of Uttar Pradesh and Andhra Pradesh), Sunhara Prayas – 2nd phase (Sitapur & Lucknow districts of Uttar Pradesh), Cashew Value Initiative (two coastal districts of Tamil Nadu), Sustainable Trade Initiative Better Cotton Production (trained 60,000 farmers, including 4,922 women) and Economic Development of Smallholder Vegetable Farmers Project.