financetom
Business
financetom
/
Business
/
'Empowering women has been a constant thread in my life': Nita Ambani on gender equality, sports and more
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
'Empowering women has been a constant thread in my life': Nita Ambani on gender equality, sports and more
Oct 27, 2023 1:10 PM

Nita Ambani, a trailblazer in the realm of philanthropy, has emerged as a prominent voice in India's quest for gender equality, advocating for parity in every facet of life, from corporate boardrooms to children's playgrounds.

Share Market Live

NSE

At the age of 59, Nita Ambani is more than just the spouse of Asia's wealthiest man, Mukesh Ambani. She is an influential personality who dons several hats, from philanthropy to sports and culture.

Her primary role lies as the Chairperson of the Reliance Foundation, a charitable organisation affiliated with one of India's largest conglomerates, Reliance Industries.

In a recent interview with CNBC on "The CNBC Conversation," Nita Ambani underscored the diverse initiatives undertaken by the Reliance Foundation, which span education, child welfare, women's empowerment, and gender equality. She passionately stated, "It’s time we treat our girls and boys equally, whether in boardrooms or on playgrounds," while noting that the welfare of women is a cause dear to her heart.

The Reliance Foundation, operating across "all states of India", has positively impacted the lives of an astonishing 70 million people, she informed. It concentrates on enhancing women's access to better healthcare, boosting digital literacy, and equipping them with skills to bolster their employability, she added.

Nita Ambani believes unequivocally that a nation's progress is contingent on the empowerment of its women, the well-being of its children, and the transformative power of sports. She affirmed, "These are the three pillars of a developed nation."

Notably, the foundation recently entered into a significant partnership with the Bill and Melinda Gates Foundation, ensuring that women engaged in both farm and non-farm jobs will receive a minimum annual salary of $1,200 for the next three years.

In 2021, she introduced "Her Circle," a digital app and social networking platform that serves as a space for discussions on diverse topics, ranging from lifestyle trends to women's health.

Moreover, the platform promotes diversity in terms of women's appearances and body sizes. Within just two years, Her Circle has garnered an impressive following of over 500,000 on Instagram and provides essential tools for women seeking counseling and financial guidance.

Ambani emphasised, "Empowering women has been a constant thread in my life," highlighting the critical need for such platforms, especially in a country expected to have the world's largest female population in the coming decade.

Beyond her work in women's empowerment, Nita Ambani is deeply involved in India's sports and cultural landscape. She co-owns the Mumbai Indians, a five-time champion in the Indian Premier League, and is the visionary behind the Nita Mukesh Ambani Cultural Centre. Ambani believes in the significance of sports for both boys and girls as she asserts that children learn as much on the playground as they do in classrooms.

“I’m a big believer in sports for girls and boys, and I feel children learn equally in playgrounds, as they do in classrooms,” she said.

Reliance Industries, led by her husband, Mukesh Ambani, has consistently invested heavily in India's sports sector, making him the world's wealthiest sports team owner, with an estimated net worth of $90 billion.

Mukesh Ambani has ownership stakes in cricket teams in South Africa and the United Arab Emirates, having also previously acquired a franchise in the Women's Premier League.

Nita Ambani is the first Indian woman to be elected to the International Olympic Committee, a significant milestone in her association with sports.

“Sports transcends boundaries,” Ambani told CNBC.

Early in October, India declared its intention to bid for the hosting of the 2036 Olympic and Paralympic Games.

Earlier, Prime Minister Narendra Modi also expressed the nation's commitment to prepare comprehensively for the successful execution of this event.

“India will leave no stone unturned in the preparation for the successful organization of the Olympics in 2036 — this is the dream of the 140 crore (1.4 billion) Indians,” Modi said at the opening ceremony of the International Olympic Committee session in Mumbai.

When questioned about India's readiness to host the world's most significant sporting spectacle, Nita Ambani offered an unwavering endorsement, stating, “We are absolutely ready… I am strongly rooting for it.”

“It’s a win-win for both,” she added. “I hope in the near future, the youth of our country will be able to say proudly that we are hosting the Olympics in India.”

India is currently in the global spotlight as it hosts the Cricket World Cup, an event not held in the country for over a decade. With all 48 matches taking place in India, the nation is once again demonstrating its competence in organising major sporting events, reaffirming its rising stature in the world of sports.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AllianceBernstein Reports Rise in Assets Under Management
AllianceBernstein Reports Rise in Assets Under Management
Oct 10, 2024
04:22 PM EDT, 10/09/2024 (MT Newswires) -- AllianceBernstein ( AB ) reported late Wednesday preliminary assets under management of $806 billion as of Sept. 30, up from $791 billion at the end of August. The company attributed the 2% increase to market appreciation and net inflows across retail, institutional, and private wealth channels. ...
10x Genomics Preliminary Q3 Sales Miss Expectations; Shares Plunge After-Hours
10x Genomics Preliminary Q3 Sales Miss Expectations; Shares Plunge After-Hours
Oct 10, 2024
04:26 PM EDT, 10/09/2024 (MT Newswires) -- 10x Genomics Inc ( TXG ) said late Wednesday that preliminary results showed a revenue decline of about 1% year-over-year to roughly $151.7 million for Q3 that ended Sept. 30. Analysts polled by Capital IQ expect $162.3 million. CEO Serge Saxonov said Q3 sales fell short of the company's expectations. The previously announced...
Osisko Says Northern Star Decision to Convert $154-Million Debenture Related Gold Fields Deal
Osisko Says Northern Star Decision to Convert $154-Million Debenture Related Gold Fields Deal
Oct 10, 2024
04:29 PM EDT, 10/09/2024 (MT Newswires) -- Osisko Mining Inc. ( OBNNF ) at the close of trade Wednesday said Northern Star Resources will convert its $154- million convertible senior unsecured debenture, due Dec. 1, 2025, into 38.5-million shares priced at $4.00 apiece ahead of the company's sale to Gold Fields ( GFI ) . Northern Star chose to convert...
STAG Industrial Maintains Monthly Dividends
STAG Industrial Maintains Monthly Dividends
Oct 10, 2024
04:25 PM EDT, 10/09/2024 (MT Newswires) -- STAG Industrial ( STAG ) maintained the three monthly dividends in Q4 at $0.123333 a share. The October dividend is payable Nov. 15 to shareholders of record Oct. 31 with the November dividend payable Dec. 16 to holders Nov. 29 and the December dividend payable Jan. 15 to holders of record Dec. 31....
Copyright 2023-2026 - www.financetom.com All Rights Reserved