Private Sector Engagement

Constructive engagement with private sector to co-create market based solutions to end poverty
and inequality...

Overview

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The private sector is being looked at as the primary driver of the India growth story

India’s growth engine is fuelled by aspirations of its over 1.25 billion people. Government of India’s policy initiative for inclusive development popularised by the slogan ‘together with all, development for all’ sets the right context for a nation with extreme inequalities.

The private sector is being looked at as the primary driver of the India growth story. Therefore its role to support the call for equitable and inclusive growth is becoming increasingly critical. A more responsible Indian private sector is not just important for India alone but also globally. 

Indian private sector has been rapidly expanding overseas and its role in global development will soon be more evident. On the other hand with increased foreign investment in India the small and medium enterprises will need to be compliant with international standards to compete.

Oxfam has a history of engaging with private sector across the globe to bring about more accountability and responsibility for more than a decade. 

Oxfam India aims to advance the growth and development of India in an inclusive, sustainable and equitable manner by engaging with the private sector to design and adopt appropriate pro-poor business solutions.

 

Our Approach

1) Advocacy 

The widening inequality gap in India undermines economic growth and affects all. Exclusion and inequality are also emerging as critical risks for businesses. Progressive business leaders have started realising this and are beginning to make business commitments towards inclusion.

In the changing trade environment Indian companies will increasingly face complex social challenges in India and overseas which call for responsible and inclusive practices as a way of conducting business.

Oxfam India is developing a collaborative data driven tool to help Indian private sector to adopt inclusive business practices.

2) Partnerships – Engaging private sector to build resilient value chains

Oxfam India believes that the private sector, plays a crucial role in building resilience to disaster and climate risks for businesses, its value chain and especially for small-scale enterprises.

Climate change has grave implications on Indian agriculture. Around 60% of India’s total agricultural areas are rain-fed1, changing rainfall patterns make it very vulnerable. More than 80% of farmers2 in India are small and marginal3 thus having less capacity to cope with climate change impacts on agriculture.

This puts India’s food security at risk and makes farmers more vulnerable. Dealing with climate change and its impact on agriculture would require building resilience of farmers (especially smallholders) to face climate change and its impact. This also has implications on the private sector players engaged in agricultural value chains. Starting from input providers, processors and traders to retailers, buyers and exporters will all be affected.

Oxfam India is beginning its engagement on this issue and invites suggestions and ideas from you.

Contact
Namit Agarwal – Private Sector Advisor
Namit@oxfamindia.org

 

1 http://www.icrier.org/pdf/Policy_Series_No_16.pdf

2 http://www.icrier.org/pdf/Policy_Series_No_16.pdf

3 Those having less than 1 ha of land

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