India will work with its BRICS partners to create greater opportunities for women-led enterprises in international trade, Commerce and Industry Minister Piyush Goyal said at a conference in New Delhi.
Access to finance remains a major challenge for entrepreneurs entering international markets. Finding buyers and navigating trade rules can also make expansion more difficult.
India wants to bring its own experience in supporting women entrepreneurs to the wider BRICS business network. Nearly 300 million bank accounts have been opened for women, while around 560 million loans have been provided to small entrepreneurs, with more than 68% going to women.
About 100 million rural women are now part of nine million self-help groups and other collective enterprises. More than 30 million women earn over Rs. 1 lakh in personal income.
Goyal also proposed a common BRICS trade platform that would allow businesses in member countries to identify product requirements and connect with potential buyers. Financial intermediaries could join the platform to support small and women-led businesses.
He urged BRICS governments to encourage greater participation by women-owned enterprises in exhibitions, business forums and buyer-seller meetings. Sector-specific business delegations led entirely by women could also help businesses connect with markets beyond BRICS.
The proposed Women’s Advancement Fund should also become a concrete initiative. Electronic trade documents, e-invoices and digital customs declarations could make cross-border trade easier. Goyal noted that India’s merchandise exports had grown by more than 15% between April and August despite global trade headwinds.
