Prime Minister Narendra Modi and US President Donald Trump's daughter and his advisor Ivanka Trump addressed the inaugural session of the Global Entrepreneurship Summit 2017 in Hyderabad today. Ivanka stated that the Hyderabad is fast becoming the hub of investors in India. On the other hand PM Modi stated that his government is doing everything to promote entrepreneurs in the country.
Ivanka Trump is on a three-day visit to India. Ivanka who is also an American television personality, fashion designer, author and businesswoman is visiting the country on the invitation of Prime Minister Narendra Modi. During the visit, she will lead the US contingent to Global Entrepreneurship Summit 2017. This is the first time that the Global Summit is being held in South Asia.
Niti Aayog in partnership with the Governments of the United States is hosting the eighth edition of the Global Entrepreneurship Summit in Hyderabad. Prime Minister Modi will inaugurate the summit today at 4:30 PM. After the welcome remarks by the Prime Minister and Telangana Chief Minister K Chandrasekhar Rao, Ivanka Trump will address the summit. She is likely to stress on ensuring women entrepreneurs have access to capital, access to networks and mentors, and access to equitable laws, PTI today reported. According to excerpts of her speech obtained by PTI, Ivanka is likely to speak on fuelling the growth of women-led businesses and how all over the world entrepreneurs are revolutionising our economies, and improving our societies.
The theme of the summit for this year is: Women First, Prosperity for All. "This will be the first GES in which women are the majority, over 52.5 per cent, of the participants," Niti Aayog said in a press statement. More than 10 countries will be represented by an all-female delegation, including from Afghanistan, Saudi Arabia, and Israel. A number of leading female voices including tennis champion Sania Mirza, Google Vice President of Next Billion Users Diana Louise Patricia Layfield, and CEO of Afghan Citadel Software Company Roya Mahboob will also participate in the summit. In addition to entrepreneurs travelling from across the globe to share their stories and innovative projects, External Affairs Minister Sushma Swaraj and Defense Minister Nirmala Sitharaman will also participate in GES.
17:49 PM: Around 53 per cent bank accounts under Jan Dhan Yojana belongs to women, said PM Narendra Modi. The scheme has brought the underpriviledged into the mainstream banking fold, he added.
17:48 PM: Government has taken many steps to make doing business easier in India, said PM Narendra Modi, referring to India featuring among the top-100 countries in ease of doing business rankings.
17:46 PM: We have sought women representation in grass root level decision making, said PM Modi referring to reservation of seats for women in local democratic bodies.
17:44 PM: More than 60 per cent workers in agricultural and allied sectors in India are women, said PM Narendra Modi.
17:36 PM: The theme 'Women First, Prosperity for All' makes this edition of GES a special one, said PM Modi, as he goes on to recount the contributions of Indian women across disciplines.
17:34 PM: The event not only connects Sillicon Valley witb Hyderabad, but joins United States of America to India, said Prime Minister Narendra Modi during his inaugural speech at the Global Entrepreneurship Summit.
17:21 PM: We must ensure that women entrepreneurs have access to capital, access to mentors and access to equitable laws, says Ivanka Trump.
17:15 PM: Ivanka Trump reitrated the promise of friendship to India earlier made by US President Donald Trump.
17:09 PM: Indigenous humanoid robot Mitra was launched by PM Narendra Modi and Ivanka Trump.
17:07 PM: Telanagana has been a favoured hub of investors, said Telangana CM K Chandrashekhar Rao
16:30 PM: PM Modi and Ivanka Trump meeting entrepreneurs ahead of the start of the summit.
16:21 PM: The summit will go a long way in strengthening India-US bilateral ties. Will provide a huge impetus to entrepreneurship in India: Niti Aayog
16:20 PM: Defence Minister Nirmala Sitharaman will be sharing the stage with Ivanka Trump in the plenary session on Be the Change-Women's Entrepreneurial Leadership.
16:15 PM: Ivanka Trump meets External Affairs Minister Sushma Swaraj.
16:00 PM: PM Modi is meeting United States' first daughter Ivanka Trump.
13:45 PM PM Modi inaugrated the first phase of Hyderabad Metro.
13:43 PM: Prime Minister Narendra Modi reached Hyderabad. He will meet Ivanka Trump at 4:00 PM.
Global Entrepreneurship Summit
Global Entrepreneurship Summit is an annual entrepreneurship gathering that convenes emerging entrepreneurs, investors and supporters from around the world. It started in 2010. This is the eighth edition of the GES. The first seven summits were held in Washington DC, Istanbul, Dubai, Marrakech, Nairobi, Kuala Lumpur, and Silicon Valley. This year is the first time GES will be hosted in South Asia, and the event will highlight India's enabling environment for innovation and entrepreneurship - including actions by the government to increase the ease of doing business, eliminating unnecessary regulations, and supporting startups.
(With inputs from PTI)