MoU signed to encourage women entrepreneurs
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The Global Alliance for Mass Entrepreneurship (GAME) and Ubuntu, a consortium of women entrepreneurs association, have entered into a Memorandum of Understanding (MoU) to support the growth of women entrepreneurship.
Minister for Large and Medium Scale Industries Jagadish Shettar, who attended the event, said women entrepreneurs have the potential to create transformational employment and generate 150–170 million jobs. Together with the support of platforms such as GAME and Ubuntu, the government would ensure availability of infrastructure and strengthen the entrepreneurial ecosystem to help women sustain and scale their businesses, Mr. Shettar said. Owing to COVID-19, 70% of women entrepreneurs have been negatively impacted, said a release.
GAME and Ubuntu sign MoU to develop women entrepreneurship ecosystems
Ubuntu will help facilitate support by galvanising stakeholders like government departments, financial institutions and skills institutions to create a conducive environment for women entrepreneurs.
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Bengaluru-based Global Alliance for Mass Entrepreneurship (GAME) and Ubuntu, a consortium of Women Entrepreneurs Association on Tuesday signed an MoU to fuel women entrepreneurship ecosystem in India.
The twin goal of this partnership is to increase the number of women entrepreneurs and enable role models to inspire more women to pursue entrepreneurship.
Madan Padaki, co-founder of GAME, said that the MoU is a step towards enabling mass entrepreneurship.
Ludhiana: The Global Alliance for Mass Entrepreneurship (GAME) in partnership with the department of industries and commerce (government of Punjab) and Chamber of Industrial & Commercial Undertakings (CICU) launched Xcelerator programme, ‘Sadda Karobaar, Punjab di Shaan’ on Tuesday. This is a six-month business accelerator programme to support promising mass entrepreneurs (SMEs) in improving their productivity, efficiency, and profitability and scale their businesses faster.
In this programme 27 entrepreneurs in the Rs 2 crore-Rs 50 crore annual revenue category have been selected from an application pool of over 450. Under the programme, once the Ludhiana pilot project is completed, it is expected to be rolled out across other districts of Punjab.
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Ludhiana is Asia’s largest hub for bicycle manufacturing, and accounts for more than 50 percent of India’s bicycle consumption of 10 million+ each year. It is also one of the largest manufacturers of domestic sewing machines and a key manufacturing hub of auto and two-wheeler parts for global automotive players. In addition, it is also home to some of the most popular woolen apparel brands in India. In addition to some of the biggest businesses calling Ludhiana home, it is also the epicenter for thousands of micro, small and medium enterprises across industrial goods, machine parts, auto parts, household appliances, hosiery, apparel, garments, among others. As one of India s largest industrial hubs, Ludhiana accounted for 19.1 percent of Punjab’s employment, according to 2014 government statistics. While that number is likely to have seen some change in the last six years, Ludhiana’s moniker as the industrial capital of Punjab remains undebated.