FedEx backs minority entrepreneurship through United Way Mumbai partnership

- 19% of those earning less than ₹15,000 annually have seen their earnings increase to an average of ₹66,782.

The initiative has also made a considerable impact on the LGBTQIA+ community. Initially, 45% of LGBTQIA+ participants were unemployed. After joining Saksham, 90% have secured employment or become self-employed. Among them:

- 68% are employed in private sector roles with monthly earnings between ₹14,000-₹15,000.

- 23% have successfully started self-employment ventures in cultural performances, beauty services, and tailoring.

“Small and medium enterprises (SMEs) are a driving force for economic growth," stated Suvendu Choudhury, vice president of India Operations at FedEx. "The Saksham initiative helps bridge that gap for women and LGBTQIA+ entrepreneurs." He added that FedEx is committed to helping these groups thrive within India's SME ecosystem.

Saksham is a key component of FedEx's Global Entrepreneurship CSR pillar in India. The program aligns with government efforts to support small businesses by promoting economic self-reliance among underserved groups.

FedEx offers a wide range of transportation and business services globally and has annual revenue of $88 billion. Known for being one of the most admired employers worldwide, FedEx employs over 500,000 people focused on safety and high ethical standards while striving for carbon-neutral operations by 2040.