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This is GiftVest at work. The month of April saw us make our first 1to4 trip to India since making our initial impact investments.
The scale of the challenge in India but also the scale of the opportunity become apparent when considering some of the numbers involved (see below). There are more impoverished families in India than in any other place in the world. There is more infant malnutrition in India than in any other place in the world. Increasing our activities in India makes sense in terms of social impact as well as from an investment perspective.
Did you know that there are approximately 30 million Micro, Small and Medium-sized enterprises (MSMEs) in India?
And that there is a $200+ billion funding gap in this sector?
That means millions of businesses, particularly those employing less than 20 people, are not able to raise the working capital they need to run their businesses.
Our investee, Kinara Capital operates in this space in Southern India.
During the field trip with Hardika Shah, CEO of Kinara, we were able to see for ourselves multiple examples of job-creating businesses in such diverse sectors as manufacturing (auto parts), artisan groups (production of bags made from banana rope - above) and trading activities.
Quality jobs for a sustainable future.
The investment thesis for vocational skills training and employability training is absolutely compelling. Watch this space...