India welcomes Ivanka Trump at business summit

Prime Minister Narendra Modi and Ivanka Trump meet on the sidelines of the GES

Prime Minister Narendra Modi and US President Donald Trump's daughter Ivanka Trump will be inaugurating and addressing the eighth Global Entrepreneurship Summit (GES) in Hyderabad today.

"Despite the soaring rate of female entrepreneurs, women still face steep obstacles to starting, owning, and growing their businesses", she said.

Ivanka said: "When it comes to equitable laws, while many developed and developing countries have made tremendous strides, there is still much work to be done".

Summary: With barely few hours to go for the Global Entrepreneurship Summit (GES-2017) to open, a festive atmosphere pervades the Hyderabad International Convention Centre (HICC), the venue playing host to the three-day event.

The gathering, co-hosted by the USA and India, comes as the two countries appear to be working to strengthen ties. The senior White House adviser has always been considered a sort of whisperer when it comes to her powerful father.

The Associated Press in a report on Tuesday said a September investigation by it "showed that Trump's supply chain has become more opaque than ever since she took on her White House role, making it impossible to know who her company is doing business with around the world".

Trump's visit was treated like a royal affair in India, and Hyderabad prepped for her by cleaning up its streets, banning begging and shuffling thousands of street people into shelters or rehab.

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In a first for the event, women will represent 52 percent of the attendees.

"Our administration is striving to promote greater opportunity for women around the world, both through our domestic reforms and our global initiatives", she said.

"When women work, it creates a unique multiplier effect".

"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 said.

To be inaugurated by Prime Minister Narendra Modi, more than 1200 young entrepreneurs, a majority of whom are women, from 127 countries would attend the summit. But she said that in developing countries, 70% of women-owned small and mid-sized businesses have no access to capital.

Furthermore, Trump's visit is far better than if her father had gone to India.

Ivanka also highlighted U.S. efforts to promote women entrepreneurs.

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