Addressing the inaugural session of the eighth edition of the Global Entrepreneurship Summit 2017 (GES 2017) in Hyderabad, PM Narendra Modi hard sold Make in India, pitching India as an attractive investment destination to global investors. US President Donald Trump’s daughter and adviser Ivanka Trump, was the star guest at the summit and launched the summit with the PM.
He also highlighted the steps India has taken to improve the ease of doing business and expressed the government’s resolve to improve its ranking from 100, as currently designated by the World Bank, to 50.
PM Narendra Modi said, “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 assure you of our whole-hearted support.”
The three-day GES 2017 summit, co-hosted by the US and Indian governments, is the first in the annual series to be held in South Asia, has ‘Women First, Prosperity for All’ as the theme. More than 50% of the delegates are women.
He further stated, “Our government has taken several steps to improve the business environment. The jump in India’s ranking in the World Bank’s Ease of Doing Business Report, from 142 to 100, in three years, is a result of this. We have improved on indicators like dealing with construction permits, getting credit, protecting minority investors, paying taxes, enforcing contracts and resolving insolvency.”
PM Narendra Modi Hard Sells Make In India, Ivanka Trump Stresses On Women Entrepreneurs At GES 2017
While PM Modi stressed on selling Make In India, Ivanka Trump spoke about the importance of education and entrepreneurship. With more than 50% of the delegates, around 1,500 entrepreneurs and investors from 150 countries, attending GES 2017 being women, Ivanka said she was excited to see so many women entrepreneurs under one roof. “I am proud to see that for the first time a majority of 1500 women entrepreneurs are participating in such an event. Only when women are empowered to thrive; will our families, our economies, and our societies reach their fullest potential,” Ms Trump stated.