In a significant development, Google India has pledged to mentor 1 million women entrepreneurs, according to US Secretary of State Antony Blinken. The announcement was made during the launch of the US Strategy on Global Women’s Economic Security. Mr. Blinken emphasized the importance of fostering women’s entrepreneurship and addressing the challenges that hinder their progress.
Highlighting the US-India Alliance for Women’s Economic Empowerment, Mr. Blinken expressed the commitment to create and replicate efforts aimed at providing Indian women with technical skills and networking opportunities. This initiative facilitates collaboration between the private sector and civil society to support the growth of women-owned businesses in India.
Mr. Blinken emphasized that gender equality and equity are essential for stronger governments, economies, and communities. He outlined strategies to promote women’s economic participation and achieve global prosperity. Closing the gender gap in the workforce by 2025 could contribute up to USD 28 trillion to the global economy, making it a vital endeavor, particularly amid the ongoing COVID-19 recovery and other challenges.
The US Strategy on Global Women’s Economic Security focuses on dismantling barriers that impede women’s full economic participation. Discriminatory policies, unequal pay, limited access to credit, and gender-based restrictions on industries are among the obstacles addressed. Mr. Blinken condemned the Taliban’s recent decree in Afghanistan that restricts women’s education and employment in NGOs, emphasizing the US commitment to standing up for women’s rights worldwide.
The strategy also underscores support for women and girls from diverse backgrounds, including marginalized groups, religious minorities, individuals with disabilities, and LGBTQI individuals. Efforts will be made to enhance women’s economic competitiveness and leadership across all sectors, including programs like WE-Champs, which provide assistance and training to women’s chambers of commerce and business associations in 18 European countries.
Additionally, the strategy aims to strengthen foundational support systems such as childcare and elder care. The COVID-19 pandemic has disproportionately affected women, forcing many to leave the workforce to take on caregiving responsibilities. Initiatives like the World Bank’s Invest in Childcare will expand access to quality and affordable childcare, allowing caregivers, primarily women, to return to work.
The US Secretary of State also highlighted the importance of dismantling societal, legal, and regulatory barriers that hinder gender equality. He commended the World Bank’s efforts, noting that 12 countries globally have achieved equal legal and economic standing for women, including equal pay and workplace protections.
In conclusion, Google India’s commitment to mentor 1 million women entrepreneurs aligns with the US Strategy on Global Women’s Economic Security. By fostering entrepreneurship, addressing barriers, and promoting gender equality, this collaborative effort aims to empower women, enhance economic growth, and foster global prosperity. The US government’s commitment to gender equality and equity remains steadfast, as demonstrated by its dedication to supporting women’s economic participation and advancement worldwide.