Monday, July 19, 2021

This World Youth Skills Day, Marico Limited joins hands with UNDP along with other partners to upskill India’s women and youth

 Aims to economically empower over 12,000 women and young individuals across India through several digital upskilling projects

Mumbai, July 2021: Marico Limited, one of India’s leading FMCG majors, has joined hands with the United Nations Development Programme (UNDP) and other implementing partners - to digitally train more than 12,000 women and youth across the country via impactful upskilling initiatives in this financial year. The large-scale project will empower individuals to secure skill-basedjobs and isexpected to add around INR 31 croresin incremental income by helping women and youth secure 7,000 jobs overall. This undertaking reiterates Marico’s commitment towardscreating inclusive and sustainable growth across communities. 

Through this Digital Women Economic Empowerment Initiative, Marico aims to benefit the society by matching the needs and aspirations of women and youth with the requirements of potential employers through collaborative platforms that provide skill-based, vocational and technological trainings. These digital trainings will be provided across domains with focus on 21st century skills, ITES and BFSI linked skills such as cloud architecture, data analytics, Python programming, BPO operations, banking and financial literacy and soft-skills. Another key aspect of the initiative will be to ensure job opportunitiesfor the trained beneficiaries, which would be done by establishing effective connect with the employer and through regular interventions such as monthly job fairs and recruitment drives.

The project intervention planned in partnership with UNDP will increase awareness, enhance employability, facilitate linkages with potential employers, provide mentorship support, and nurture youth's innovation potential.It will aid especially those from economically underprivileged background. Through this initiative trainings will be provided to around 5000 participants in Bhopal and Indore and aid the beneficiaries through placement opportunities, thus creating lasting change in the region.   

The initiative was inaugurated by Ms.ShanmugaPriya Misra, IAS, and CEO of the Madhya Pradesh State Skill Development & Employment Generation Board in the presence of project heads from both the organisations – Mr. Udayraj Prabhu, Executive Vice President Business Process Transformation, IT and Head CSR, Marico Limited and Mr. Amit Kumar, Head, Inclusive Growth from UNDP India.

Udayraj Prabhu, Executive Vice President Business Process Transformation, IT and Head CSR at Marico Limited said, “As a responsible corporate citizen, Marico has always endeavoured to make a difference to all the lives it touches. Our belief of giving back to the society, which forms a core tenet of our ESG framework, drives our social and community engagement initiatives. In line with this objective, we have collaborated with UNDP and various implementing partnersto launch upskilling initiatives that foster inclusive development and economic independence for women and young individuals in India. Through these partnerships, we aim to transform the lives of members within our communities, by not only equipping them with the knowledge and tools they may need for their chosen career, but also by aiding them with a platform to gain momentum in achieving their aspirations.”

Mr. Amit Kumar, Team Lead, Inclusive Growth, UNDP said, “UNDP places social development and sustainability at the heart of all its initiatives to foster economic growth, create income and jobs, reduce poverty and inequality, and strengthen the foundations and living standards in all the regions we work in. As part of our continuous commitment to this objective, we look forward to leveraging our newly forged collaboration with Marico to drive inclusive social and economic growth by providing opportunities to women and youth in Madhya Pradesh.” 

Ms. ShanmugaPriya Misra, IAS, and CEO of the Madhya Pradesh State Skill Development & Employment Generation Board, “on World Youth Skills Day today, it is essential to recognise and emphasize the importance of vocation learning and skilling. The UNDP has been setting an example worldwide in education, women empowerment, providing better livelihoods, and more. I am happy to see Marico is investing its CSR funding for such a great social cause. In contrast, many invest in their firm to strengthen its internal operations or employee benefits. Marico's contribution is a big step in giving a platform to the neediest, especially economically challenged backgrounds. Its focus on both personal and professional skills also prepares today's youth for the future workforce.”

About Marico Limited

Marico (BSE: 531642, NSE: “MARICO”) is one of India’s leading consumer products companies, in the global beauty and wellness space. During FY 2020-21, Marico recorded a turnover of about INR 80.5 billion (USD 1.1 billion) through its products sold in India and chosen markets in Asia and Africa.

Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Saffola, Saffola FITTIFY Gourmet, Saffola ImmuniVeda, Saffola Arogyam, Saffola Mealmaker, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Kaya Youth O2, Coco Soul, Revive, Set Wet, Livon, Veggie Clean, KeepSafe, Travel Protect, House Protect, Beardo. The international consumer products portfolio contributes to about 23% of the Group’s revenue, with brands like Parachute, Parachute Advansed, HairCode, Fiancée, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, MedikerSafeLife, Thuan Phat and Isoplus.

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