The Young FICCI Ladies Organisation (YFLO), Delhi, the women’s wing of FICCI, has appointed Dr. Payal Kanodia as the new Chairperson for the year 2024-25. Dr. Payal Kanodia is a Chairperson & Trustee of M3M Foundation, and a Promoter in M3M Group.
Popularly known as a ‘change-maker’ for her contribution to the society, Dr. Kanodia believes in aligning with the government vision to achieve better reach and impact towards women empowerment.
On her appointment as Chairperson of YFLO, she said she was delighted to be elected as the Chairperson of YFLO - Delhi chapter and looking forward to working with the best of minds at YFLO.
“I have always said that India is a country that has high potential to utilize and mobilize women force to achieve the distinction of a USD 10 trillion economy. There are about 16 million businesses owned by women that provide employment to about 30 million people. Over 10 million working women in India have set their priorities in excelling into corporate world at leadership roles. About 15-17000 Startups out of 90,000 Startups in India are led by women. In the Indian MSME sector, women-led businesses are more than 20% and contribute around about 25% of the labour force. Even the IMF estimates that equal participation of women in the workforce can increase India’s GDP by about 30%. Even globally, women control about $20 trillion in annual consumer spending, and that figure could climb as high as $28 trillion in the next five years. Women produce about 60 percent of the world’s goods and services and are also the largest buyers and investors. YFLO would play its role to align and develop as much women entrepreneurs from not just cities but also from rural India” Dr. Kanodia said in a statement.
