Commitment to Action

The Artisanal Company Network

Commitment by

Fabindia Overseas Pvt. Ltd.

In 2007, Fabindia Overseas Pvt. Ltd. partnered with its stakeholder groups, specifically the rural artisans through its fully owned subsidiary, in a commitment to arrange its supply base around Community Owned Companies as an initiative designed to provide India's rural artisans with the inputs and opportunity to participate in the process of wealth creation with a focus on poverty alleviation.

The aim was to create 100,000 shareholders across the country and impact 500,000 lives over 5 years through the Community Owned Companies (COC) which would develop, support and market rural crafts through Fabindia's retail network in India and abroad. It will not only to assure the supply chain but also to revive crafts, create jobs, keep the jobs in rural areas, and bring sustainable prosperity to artisan communities. As of now, 17 community owned companies with close to 20,000 artisan shareholders have been facilitated.

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Overview
Summary

Commitment

The Artisanal Company Network

Launched

2007

Est. Duration

1 year

Region

Asia

Countries

India

Commitment by

Fabindia Overseas Pvt. Ltd.

Partner(s)

James Wolfensohn, Chairman, Wolfensohn & Co. LLC