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US Secretary of State Antony Blinken lauded the US-India Alliance for Women’s Economic Empowerment efforts, which unites the corporate sector and civil society to encourage women to start their enterprises, and declared that Google India has committed to mentoring 1 million Indian women entrepreneurs.
According to Blinken, who introduced the US Strategy on Global Women’s Economic Security, the Biden administration will promote women’s entrepreneurship by addressing some of the problems that frequently prevent women from starting their businesses, such as a lack of mentorship and training opportunities.
“We’re working to create and also, as appropriate, replicate efforts like the US-India Alliance for Women’s Economic Empowerment,” Blinken said.
“That connects the private sector and civil society to provide Indian women with technical skills and networking opportunities to help them grow their businesses. At the alliance’s launch, Google India committed to mentoring one million Indian women entrepreneurs; we’re working with other partners to increase that number. That would have a remarkable impact,” Blinken said.
He said since America recognizes that promoting gender equality and equity is critical to tackling some of the world’s most important issues, it is a positive component of its strategy.
“We need women’s full economic participation to lead an inclusive recovery from the COVID pandemic. As you’ve heard, we need their leadership in resolving conflict. We need their ideas and innovation to tackle the climate crisis,” he said.
“The strategy we’re putting forward has a simple vision: creating a world where all women and girls everywhere can contribute to and benefit from economic growth and global prosperity. That’s a world in which we will all be better off,” Blinken said.
The elimination of the gender wage gap by 2025 will boost the global economy by up to USD 28 trillion. That contribution, according to him, is more crucial than ever as we work to recover from COVID, address the impacts of climate change, and end the myriad conflicts that are also obstructing the global economy.
As part of its objective to empower more women to fully participate in and lead across all industries, including as CEOs and board members, the US will increase the economic competitiveness of women.
“One way we’re helping to do that is through programs like WE-Champs, which will provide technical assistance and training to women’s chambers of commerce and business associations in 18 countries across Europe to support women-owned small businesses. That’s one practical example of how we will bring that strategy’s first pillar to life,” he said.
Blinken further said the US would strengthen the fundamental assistance (child care and elder care) that enables women to participate fairly in the economy.
“As you’ve heard again this morning, COVID-19 forced millions of women worldwide to withdraw from the workforce to take on caregiving responsibilities for their families. So we will expand access to options so that caregivers, most women, can return to work,” Blinken said.