To meet the ambitions of the 2030 Agenda for Sustainable Development, the private sector will need to play a greater role. Inclusive businesses are companies that: “provide goods, services, and livelihoods on a commercially viable basis, either at scale or scalable, to people living at the base of the economic pyramid making them part of the value chain of companies’ core business as suppliers, distributors, retailers, or customers.”
There are valuable models of inclusive business that are commercially viable and have social impact at scale. By providing capacity building and technical assistance, inclusive business models support smallholder farmers and MSMEs integrate into regional and global value chains, including through digital transformation, and through business innovations that create entrepreneurship opportunities.
Given the market opportunities available for and the value provided by inclusive businesses, Invest India, with the support of ESCAP and the Bill & Melinda Gates, is exploring opportunities to promote inclusive business models in India, and in Haryana and Telangana in particular To do so, it is conducting a Landscape Study of Inclusive Business in India, providing business coaching services to 20 selected inclusive businesses and organising several forums to raise awareness and help link businesses with investors and support organisations.
This mission organized by the Foreign Cooperation Department, Haryana State Government, Invest India and ESCAP, with the support of the Bill & Melinda Gates Foundation, seeks to identify inclusive business models in Haryana, good practices and concrete actions to further promote inclusive business models and facilitate investments towards this sector in Haryana. The outcomes of this forum will help inform the study and government actions.
To identify market opportunities for and the value provided by inclusive businesses in Haryana
To collect inputs and identify concrete actions to further promote inclusive business and investments into these types of models in Haryana
To showcase inclusive business models in agriculture and food systems in Haryana