Mumbai, India, May 27, 2024: FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, has furthered its commitment to gender diversity and economic empowerment through the ‘Saksham’ initiative. In collaboration with United Way Mumbai (UWM), FedEx distributed Saksham kits to 120 women entrepreneurs from lower-income groups to help them scale their businesses.

Since its launch in 2021, thousands of women small business owners have benefited from these kits. 62% of entrepreneurs supported from 2021 to 2023 have reported a substantial increase in their income, highlighting the transformative impact of this initiative on their livelihoods.

Saksham adopts a holistic approach by equipping skilled women small business owners, who are constrained by resource limitations, with tool kits. These kits, tailored to the needs of businesses across various sectors such as home-based beauty services, tailoring, homemade products, pedal rickshaws, and more, contain tools to improve product quality, enhance production efficiency, and grow their customer reach.