Alliance for Global Good- Gender Equity and Equality | 22 Jan 2024

Source: PIB

Why in News?

India established the "Global Alliance for Global Good - Gender Equity and Equality" at the 54^th annual World Economic Forum (WEF) in Davos, gaining full support from WEF for promoting women's empowerment and gender equality.

What are the Key Highlights of the Alliance for Global Good- Gender Equity and Equality?

• The alliance is a response to the G20 Summit 2023 Leaders' Declaration and India's commitment to women-led development.
  • It seeks to build on the initiatives of the Engagement Group and frameworks like Business 20, Women 20, and G20 EMPOWER.
    • The G20 Alliance for the Empowerment and Progression of Women's Economic Representation (G20 EMPOWER) is an initiative that aims to increase women's leadership and empowerment in the private sector.
• The primary objective of this new Alliance is to bring together global best practices, knowledge sharing and investments in the identified areas of women’s health, education, and enterprise.
• Supported by the Bill and Melinda Gates Foundation, the alliance will be housed and anchored by the Confederation of Indian Industry (CII) Centre for Women Leadership.
  • CII is a non-government, not-for-profit, industry-led and industry-managed organisation that works to create and sustain an environment conducive to the development of India.
• The WEF has come on board as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’.
  • Invest India is a national Investment Promotion & Facilitation Agency. It was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
• The alliance aims to champion women-led development, leveraging India’s spectacular inclusive growth story and its philosophy of “Sabka Saath, Sabka Vikas and Sabka Prayas” (Together with all, Development for all and Effort for all).