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Federal Express Corporation (“FedEx”), the world’s largest express transportation company, continues to champion inclusive entrepreneurship in India through the ‘Saksham’ initiative for the fourth consecutive year. This year, Saksham has empowered over 270 women entrepreneurs and nearly 160 LGBTQIA+ community members. These entrepreneurs received customized Saksham kits containing essential business resources, as well as mentorship and industry-specific training. The initiative has supported small businesses across sectors such as tiffin services, tailoring, handicrafts, food services, and beauty—providing them with the tools needed to scale and succeed.
“The Global Entrepreneurship Monitor (GEM) highlights that if there is a sustained and concerted effort to help women start and grow businesses at the same rates as men, USD 5 to 6 trillion of new global economic output could be added,” said Suvendu Choudhury, vice president of India Operations at FedEx. “With 2.2 crore women-owned MSMEs in India, their potential is vast. However, barriers to capital, business knowledge, and market access persist. Through ‘Saksham,’ FedEx—in collaboration with United Way—aims to bridge this gap, enabling women entrepreneurs to establish stronger businesses and contribute to economic growth. ”
Since its inception in 2021 in collaboration with United Way Mumbai, ‘Saksham’ has achieved significant milestones. In 2024 alone, 38% of beneficiaries who previously had no income now earn an average of ₹61,176 annually. Additionally, 19% of those earning under ₹15,000 annually have increased their income to an average of ₹66,782. These numbers highlight the direct economic upliftment the program has fostered.
