We alerted our readers about Sankalp, and the event is now around the corner! Check back with ThinkChange India as we bring you updates and guest posts straight from the forum. Adrienne Villani and Sujatha Mutthaya from Intellecap provide more background:
More than 300 social entrepreneurs, a plethora of international and regional investors, funding agencies, corporate houses, and philanthropic organizations will come together on Tuesday, April 28, 2009 in Mumbai in an event that will change the landscape of social investing in India. Come and be a part of this landmark event!
Sankalp (English: Pledge or Determination) is India’s first Social Enterprise and Investment Forum with the primary goal of bringing together various stakeholders sharing a common conviction that capital should be invested to create multiple bottom-line returns (financial, social and environmental) and not exclusively financial (profit-maximizing) or social (philanthropic) returns.
Set against the background in India, where 924.1 million Indians (nearly 95% of India’s population) have incomes below USD 3000 per annum in local purchasing power, and 78% of this from rural India, India has been able to clock growth rates between 6.5% and 7% despite the slowdown. India presents us with questions of development coupled with the unlimited potential of an emerging market.
The event endeavours to recognise and award truly impactful enterprises and catalyze investments in sectors such as agriculture and rural innovations, affordable education, healthcare inclusion, environment and clean energy, and highly scalable social models.
At a time when investors are looking for sustainable returns, Sankalp presents opportunities to engage with the emerging class of impact investors and connect with evolving yet investible ideas in high impact sectors. The primary aim is to create a holistic ecosystem to facilitate catalytic growth in these recession proof sectors which yield lower longer term returns.
Sankalp 2009 will feature a stellar line up of thought leaders, luminaries, and speakers including Naina Lal Kidawai, CEO of HSBC India, Vijay Mahajan, CEO of Basix, Anthony Bugg Levine of Rockefeller Foundation, Gurcharan Das (former MD P&G), Sarath Naru of Venture East, and Vineet Rai, founder Aavishkar.
Sankalp Forum is the brainchild of Intellecap – a pioneer in the multiple bottom line investment industry. The key partners for the inaugural 2009 event include Rockefeller Foundation from the US, Rianta Capital from UK, National Bank for Rural and Agriculture Development (NABARD) and Rural Innovations Network (RIN).
Sankalp Forum will be held in Mumbai, India, on April 28th at the Taj Land’s End and additional details can be found at www.SankalpForum.com