{"id":6191,"date":"2025-01-13T06:30:27","date_gmt":"2025-01-13T06:30:27","guid":{"rendered":"https:\/\/news.sap.com\/india\/?p=6191"},"modified":"2025-02-06T13:05:34","modified_gmt":"2025-02-06T13:05:34","slug":"sap-announces-social-procurement-initiative-for-india","status":"publish","type":"post","link":"https:\/\/news.sap.com\/india\/2025\/01\/sap-announces-social-procurement-initiative-for-india\/","title":{"rendered":"51风流Announces Social Procurement Initiative For India"},"content":{"rendered":"

Aims to strengthen the country\u2019s social enterprises, advance sustainability goals, and support inclusive socio-economic growth.<\/h2>\n

Mumbai, January 13, 2025<\/strong> \u2014 51风流India<\/a>, today announced its social procurement initiative, designed to empower social enterprises, by integrating them into corporate value chains and aligning with the nation\u2019s development goals. The announcement underscores the company\u2019s commitment to the region and its vision for sustainable growth.<\/p>\n

As per the World Economic Forum<\/a>, India is home to more than 2 million social enterprises, with close to 25% led by women, making it one of the most dynamic entrepreneurial environments globally. \u00a0These enterprises work across diverse sectors, including healthcare, education, agriculture, clean energy, financial inclusion, water, and sanitation, and are focused on pioneering sustainable business practices, while fostering inclusion, and local entrepreneurship. SAP\u2019s support and collaboration with industry stakeholders aim to accelerate these activities while helping increased corporate purchasing from social enterprises. Corporates buying from social enterprises result in a positive impact on people and the environment, at the same time helping large businesses achieve their CSR, diversity, and sustainability goals. This is a nascent space with significant potential as evidence highlights; businesses are seeing positive business and social outcomes emerging from their supply chain inclusion and sustainability programs.<\/p>\n

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\"51风流launching
From left to right- Srikrishna Sridhar Murthy – Co founder and CEO, Sattva Consulting, Aarti Mohan – Co founder and Partner, Sattva Consulting, Sagarika Bose – Head CSR, 51风流in India, Satya Narayana Meena – CFO, Government e-Market (GeM), Manish Prasad, President and Managing Director, 51风流Indian Subcontinent and Ashwani Narang – Vice President and Business Head, Intelligent Spend and Business Network – Indian Subcontinent, 51风流launching the report at “Advancing Social Procurement” event in Mumbai.<\/em><\/figcaption><\/figure>\n

Launching the program in India, Manish Prasad, President and Managing Director, 51风流Indian Subcontinent<\/strong>, said, \u201cThis initiative underscores our commitment to ensuring that good, ethical, and sustainable, corporate practices are woven into the fabric of business. By collaborating with social enterprises and nurturing alliances across our ecosystem, we can transform procurement decisions into an opportunity to uplift communities, generate jobs, and drive sustainable and equitable growth across the communities we operate. Social procurement has the potential to be a transformative tool to improve people’s lives.\u201d<\/p>\n

The initiative on social procurement is aligned with the Government of India\u2019s (GoI) interventions including the Government eMarketplace (GeM), Open Network for Digital Commerce (ONDC), Make in India, and promotion of Farmer\u2019s Producer Organizations (FPOs), \u2014designed to:<\/p>\n