28 Nov

According to reports, around 1500 entrepreneurs from US, India and other countries are expected to attend the three-day Global Entrepreneurship Summit.

All eyes are on President Donald Trump’s daughter Ivanka Trump as The Global Entrepreneurship Summit co-hosted by India and the US is beginning today in Hyderabad.

Trump will reach India Tuesday and deliver a key speech along with Prime Minister Narendra Modi who will inaugurate the summit. GES is Trump’s most important global appearance since Trump became the president.

The White House adviser will lead a team of the US officials and entrepreneurs to attend the three-day summit that will be attended by entrepreneurs from across the world.

Trump has said earlier that the Global Entrepreneurship Summit co-hosted by India and America is a testament to their growing economic and security partnership. Trump, who will share the stage with Indian defence minister Nirmala Sitharaman and ICICI Bank CEO Chanda Kochhar, among others, will press for women entrepreneurship.

She will also attend a dinner hosted by Prime Minister Narendra Modi at the Taj Falaknuma Palace hotel in Hyderabad.

Meanwhile, Trump’s India visit has stoked a controversy as Secretary of the State Rex Tillerson declined to send a high-level diplomatic team with her.

According to a CNN report, Tillerson’s decision “is not related to his key project of slashing the Department’s budget, and is more to do with the fact Ivanka Trump is leading the US delegation this year. “

“They (Tillerson and his staff) won’t send someone senior because they don’t want to bolster Ivanka. It’s now another rift between the White House and State at a time when Rex Tillerson doesn’t need any more problems with the President,” a senior state department official told CNN.

While Trump is calling for efforts to promote women entrepreneurship, the media is posing questions asking her about the work conditions for labourers in India who piece together clothes for her fashion line?

Though many women in India and other Asian countries work for her company, Trump has not been willing to reveal the details of the factories that produce clothes for her.

Despite the controversies, Indian administration has gone all out to make the event a huge success.

According to media reports, around 1500 entrepreneurs from US, India and other countries are expected to attend the three-day summit.

Speakers from around 40 countries will address the summit and entrepreneurs from about 100 countries will participate in the 8th GES.

Conceived by former President Barack Obama, GES was previously held in Washington, Istanbul, Dubai, Marrakech in Morocco, Nairobi, Kuala Lumpur and Silicon Valley in the United States.

Noted personalities including TVS Capital chairman Gopal Srinivasan, Essel Group chairman Subhash Chandra, IBM India chairman Vanitha Narayanan, Flipkart co-founder Sachin Bansal, and tennis champion Sania Mirza will attend the event.

The speakers include John Chambers, Chairman, USISPF; Cherie Blair, Founder, Cherie Blair Foundation for Women; Prem Watsa, Chairman and CEO, Fairfax Financial Holdings Ltd; Marcus Wallenberg, Chairman, SEB, a Swedish financial group; Chanda Kochhar, Managing Director and CEO, ICICI Bank and Tessy Thomas, Director, Defence Research and Development Organisation (DRDO).

“For India, the summit holds a special place as we are more intensely focused than ever before to give entrepreneurs the opportunities and ecosystem to help them thrive,” said Amitabh Kant, CEO, NITI Aayog, the think-tank of the India government. Source