MSME Minister, Narayan Rane to present Priyadarshini awards to women entrepreneurs
Federation of Indian Women Entrepreneurs (FIWE) to host a three day International conference of women entrepreneurs in the Capital from mar 23rd to 25th, 2022. Founded in 1993, FIWE is a national level organization devoted towards entrepreneurship development of women in the country. “With economies bouncing back after the pandemic, we are glad that women entrepreneurs are taking the lead and coming for the conference. Over 120 women entrepreneurs are expected to come from Singapore, Maldives, Nigeria, Sri Lanka, Nepal, Bangladesh and Pakistan”, says Dr. Rajni Aggarwal, President, FIWE
“The theme of the Conference “Mission Possible”, aptly describes our objective to emerge stronger from the economic upheaval caused by the pandemic. The pandemic has already shown our entrepreneurs the importance of digital and social media. And quick adaption and continuous reinvention are the key to survive and thrive in testing times”, says Poonam K Malhotra, Vice President, FIWE.
The conference will be inaugurated by B.B.Swain, MSME Secretary and the MSME Minister, Narayan Rane will be gracing the event on the second day of the conference to present the Priyadarshini Awards successful women entrepreneurs. Among the eminent speakers, NASSCOM CEO, Nidhi Bhasin will be addressing the gathering on how leveraging Technology and Startups.
Women entrepreneurs as well as employed women suffered economically more than their men counterparts due to the pandemic. A report by Bain and Company reveals that almost 73 per cent of women-run enterprises in India were negatively impacted by COVID-19; while the revenue of almost 20 per cent of women entrepreneurs dwindled to zero. “However, they are more than willing to turn around the situation, the outcome of our conference just proves the same. They are confident of quick revival”, adds Aggarwal
“While we witnessed many women entrepreneurs shutting shops, there were also many new women entrepreneurs springing up during the pandemic, some who lost their jobs and others who left them to turn entrepreneurs. Certain enterprises also witnessed an increase in revenue”, adds Malhotra. As seen in EdelGive’s Landscape Study on Women Entrepreneurship that was spread across 13 states and had a sample size of 1,200 women, 19 per cent of the women surveyed cited an improvement in their fiscal gains.
Equipped with the resilience of spirit and adaptability, the constraints of the COVID-19 era has revealed that active support across the ecosystem is all women need to succeed as entrepreneurs.
Keeping the above in mind, the three day conference has been specifically designed to include expert sessions on various important aspects like access to finance through innovative technologies, leveraging e-commerce and digital marketing for business growth and chat sessions with successful entrepreneurs, etc. Apart from this, there will be one-to-one business meetings, factory visits, exhibition and Priyadarshini Award ceremony.
Federation of Indian Women Entrepreneurs (FIWE), a National-level organization, founded in 1993 and registered under the Society Act of India in May, 1999, is today, one of India’s Premier Institution for Women thoroughly devoted towards Entrepreneurship Development in the country. It has branches in different states of India with a membership base of 15,000 individual members/professionals and 28 member associations spread throughout India. Small-scale entrepreneurs account for approximately 60 percent of FIWE’s combined membership, with large firms representing 5 percent and micro-enterprises the remaining 35 percent.
The organization educates and trains young aspirants and start-up women entrepreneurs for their right initiation into business and does awareness programs and business counseling to aspirant women. Besides, it provides hand-holding and networking opportunities to them as well as women interested in growing their business further and creates a launching pad to empower women in the regional economic framework and graduated from small to medium enterprises.