The Global Entrepreneurship Summit heats up in Hyderabad, India

GEN Africa | November 29, 2017

Ivanka Trump, Advisor to the United States President and Narendra Modi, the Prime Minister of India, jointly kicked off the Global Entrepreneurship Summit in India yesterday. Themed ‘Women First, Prosperity for All’, the PM’s key message was a personal invitation to entrepreneurs and global investors to embrace and invest in the country. Much of the discussions at the summit focused on women entrepreneurship and advancing key public policies that will help to empower entrepreneurial women.

“To my entrepreneur friends from across the globe, I would like to say: Come, make in India, invest in India - for India - and for the world. I invite each one of you to become a partner in India's growth story. And once again, I assure you of our wholehearted support," Modi said while addressing the 2017 inaugural Indian Global Entrepreneurship Summit, which was attended by thousands of entrepreneurs and investors from over 160 countries.

Modi reassured all young entrepreneurs in India that each of them has something valuable to contribute towards creating a New India by 2022. "You are vehicles of change and instruments of India's transformation. Our government understands that an environment of transparent policies and a rule of law providing a level-playing field are necessary for entrepreneurship to flourish,” she added.

Speaking from the side-line at the summit, Kizito Okechukwu, Co-chair of GEN Africa’s innovative 22 ON SLOANE, connected with a few incubators, investors and accelerators, such as the T-Hub, which is now one of the largest startup hub in the world. “I am extremely impressed with the work that the Indian Government is undertaking to support start-ups, which are arguably the lifeblood of the world’s business future. At 22 ON SLOANE, we look forward to exploring ways to work with the T-Hub and the Managing Director of GEN India, led by Yatin Thakur, who has been instrumental in setting up various co-working spaces and hubs in the country”, he commented.

Speaking before the PM, Ivanka Trump, stated that "when it comes to equitable laws, while many developed and developing countries have made tremendous strides, there is still much work to be done." She also added that in some countries, women are not allowed to own property, travel freely, or work without the consent of their husbands. In some other countries, the cultural and family pressure is so great that women do not feel the freedom to work outside the home.

"Our administration is striving to promote greater opportunity for women around the world, both through our domestic reforms and our international initiatives. When women work, it creates a unique multiplier effect. Women are more likely than men to hire other women and to give them access to capital, mentorship and networks. Women are also more likely to reinvest their income back in their families and communities," she said and lauded PM Narendra Modi for his belief that progress of humanity is incomplete without the empowerment of women.

"Just consider, if India closes the labour force gender gap by half, your economy could grow by over $150 billion in the next three years," she stressed.

Noting that this is the first time India has hosted the Global Entrepreneurship Summit, the President’s Advisor continued by saying that it is a symbol of the strengthened friendship between our two peoples and the growing economic and security partnership between our two nations. Complimenting India for being one of the fastest growing economies globally, lifting millions out of poverty and for the progress achieved in science and technology, Trump added that “the people of India inspire us all”.

"The people of India have lifted more than 130 million citizens out of poverty. All of you are helping India's middle class reach its goal of becoming 500 million people by 2030", she concluded.

— Issued by GEN Africa