MUMBAI – July 8 th , 2024: Mrs Sangita Jindal, Chairperson of JSW Foundation has joined
the India Advisory Council of the British Asian Trust. In this role, she will partner the British
Asian Trust in India to champion its cause of driving positive change in India through
innovative philanthropic and CSR approaches. Mrs Sangita Jindal is part of a select cadre of
Indian Business Leaders who are Advisory Members of the global Trust. The British Asian
Trust collaborates with the private sector and the South Asian diaspora to deliver significant
outcomes at scale for highly vulnerable communities in India. Renowned for its pioneering
work in social finance, the Trust has a strong track record and market credibility leveraging
outcomes-based financing to tackle some of India’s most critical challenges. In the last six
years, the Trust has developed and implemented India’s largest development impact bonds
(DIBs) in education, skill development, and employment. Mrs Jindal joins other eminent
business and philanthropic leaders on the British Asian Trust’s India Advisory Council.
Commenting on her appointment to the British Asian Trust’s India Advisory Council,
Mrs Sangita Jindal said, “India’s journey to become a US$ 7 trillion economy by 2030 calls
for managing challenges and opportunities by ensuring equitable access to quality education,
healthcare, skilling, and job opportunities, especially for women and children. This requires
striking a fine balance between our nation’s development priorities and protecting its
bountiful biodiversity. Social financing will play a catalytic role in meeting these
developmental objectives. I look forward to making a meaningful contribution in this
direction.”
Bharath Visweswariah, Executive Director – India, at the British Asian Trust said, “We
are honoured to have Mrs. Sangita Jindal join our India Advisory Council. She has been a
steadfast supporter of innovative ideas for women’s empowerment, demonstrated through her
support of our Skill Impact Bond. Mrs. Jindal’s insights and experience will be invaluable to
scaling our initiatives in education, livelihoods and gender, that aim to help create a Viksit
Bharat.”
JSW Foundation and British Asian Trust have previously partnered to develop the Skill
Impact Bond – India’s first and largest impact bond for employment with a focus on bringing
more women into the workforce. JSW Foundation is part of a coalition of partners that
address the issue of employability and job retention among youth in India. Mrs Sangita Jindal
has been a vocal champion of the Skill Impact Bond’s aspirations and achievements. The
US$ 14.4 million Skill Impact Bond was launched in 2021 and aims to reach 50,000 young
Indians, 60% of whom are women, over four years by equipping them with skills and
providing wage employment in sectors including retail, apparel, healthcare, logistics, and
others. So far, the transformative programme has reached more than 24,000 youth across 24
states in India, where more than 70% of trainees are women.
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