Mumbai, India, May 27, 2024: FedEx Express (FedEx), asubsidiary of FedEx Corp. (NYSE: FDX) and one of the world’slargest express transportation companies, has furthered itscommitment to gender diversity and economic empowerment through the‘Saksham’ initiative. In collaboration with United Way Mumbai(UWM), FedEx distributed Saksham kits to 120 women entrepreneursfrom lower-income groups to help them scale their businesses.
Since its launch in 2021, thousands of women small businessowners have benefited from these kits. 62% of entrepreneurssupported from 2021 to 2023 have reported a substantial increase intheir income, highlighting the transformative impact of thisinitiative on their livelihoods.
Saksham adopts a holistic approach by e skilled womensmall business owners, who are constrained by resource limitations,with tool kits. These kits, tailored to the needs of businessesacross various sectors such as home-based beauty services,tailoring, homemade products, pedal rickshaws, and more, containtools to improve product , enhance production efficiency,and grow their customer reach.