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GES 2017 : Ivanka Trump in Hyderabad charms the women centric Global Entrepreneurship Summit co-hosted by India and United States

Being invited by Prime Minister Modi, Ivanka Trump is in Hyderabad for GES 2017. The event is focused on women entrepreneurs from all across the globe, this is the first time GES is being held in South Asian country

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Ivanka Trump visited India for GES 2017
Ivanka Trump in Hyderabad (VOA)
  • Praising Prime Minister Narendra Modi at GES 2017, Ivanka Trump said,”from your childhood selling tea to becoming PM, you’ve proven that transformational change is possible.”

  • Prime Minister Modi emphasising on bilateral relations said,”the GES 2017 event not only connects the Silicon Valley with Hyderabad but also showcases the close ties between the US and India.”

Ivanka Trump, daughter and adviser to US President Donald Trump arrived Hyderabad to attend Global Entrepreneurship Summit, GES 2017 co-hosted by India and the United States. The three-day summit, from November 28-30, is being held at the Hyderabad International Convention Centre (HICC) and Hyderabad International Trade Expositions (Hitex).

Ivanka Trump in Hyderabad
Ivanka Trump, daughter of U.S. President Donald Trump, speaks during the Global Entrepreneurship Summit (VOA)

Ms Ivanka Trump is leading a delegation of senior White House officials and American entrepreneurs. The theme of this year’s summit is ‘Women First, Prosperity for All’ and will include 1,200 young entrepreneurs from different parts of the world, mostly women.

“I encourage everyone here to come together, learn from each other and find new ways to lift barriers in our society so that women are free to innovate, empowered to succeed and able to leave our children a brighter future,” Ivanka Trump told delegates in the event’s opening speech Tuesday.

Ivanka’s appearance with Modi at the opening of GES 2017 was preceded by a bilateral meeting which the Prime Minister Modi described as “wonderful”, before they went out to meet entrepreneurs who showcased their work for presentation. Being women centric event, two of the India’s most powerful women External affairs minister Sushma Swaraj and Defense minister Nirmala Sitharaman were also present.

GES 2017 : Ivanka Trump in India
Ivanka Trump with Prime Minister Modi (Narendra Modi Twitter)

The summit began with cultural events showcasing India’s rich culture. This year’s summit theme clearly demonstrated the commitment of the India and United states to the principle that when women are economically empowered, their communities and countries thrive. India is one of the country where women are at highest pedestals in social and professional life.

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Ivanka also gave credit to the Modi government for lifting 130 million people out of poverty. “Women still face steep obstacles in starting, owning and growing their businesses. We must ensure women entrepreneurs have access to capital, access to networks and mentors,” Ivanka said to loud cheers from a packed enthusiastic audience.

Ivanka’s visit also affirms that the Trump administration sees India as a major strategic partner in south asia and wants to engage with India more. Growing trade and business between India and United States sends a strong signal to the world.

by SHAURYA RITWIK, Shaurya is Sub-Editor at NewsGram and writes on Geo-politcs, Culture, Indology and Business. Twitter Handle – @shauryaritwik

  • francislmonteiro

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How did Baniya Billionaires Become Digital Anarchist? (Tech Trend-Part II)

"Unlike entrepreneurs who believe in concentrating on business administration, baniyas are hawk-like people".

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Cell phone without batteries
Life beyond chargers, cords and dying phone- Researchers, including one of the Indian-origin, have invented the cell phone that works without batteries. Pixabay

The great Indian baniya community, single-mindedly focused on business and keeping a close tab on profits, has embarked on a digital journey to understand their customers better and boost growth.

Utilising new technologies like Artificial Intelligence (AI), Machine Learning (ML) and data analytics in their businesses, they know better what the young buyers’ preferences are.

Today, India’s Gen-Y shop using a mix of online and offline modes where they compare prices and refer to reviews online even when they shop in an offline store.

The traditional acumen, mixed with New-Age technologies, have unleashed a new breed of baniyas who are defying old wisdom and charting new courses.

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Behind every successful entrepreneur, there’s an army of loved ones having their back.

“Anyone can set up and start a business with a small or a big idea or investment but without having a business sense, the knowledge of trade and the market trends, they can’t survive. Baniyas are ahead in this game with additional support of family culture and community,” says Anoop Mishra, one of the nation’s leading social media experts.

Indian millennials — aged 18-35 and accounting for nearly 34 per cent of the population — have driven e-retail industry’s growth through their increasing Internet usage, says global services firm Deloitte.

“Millennials’ increasing usage of internet for shopping has driven growth of online retail. E-retail is expected to surge from 3 per cent of total Indian retail market in 2017 to 7 per cent by 2021,” said the report.

Convenience of buying anywhere and anytime, discounts and access to products not available offline are some of the key reasons for India’s Gen-Y going online — and Baniyas know this well.

Prasoon Gupta, Co-Founder and Director, Sattviko Foods, says his idea was to offer a snack that finds its origins in traditional Indian recipes but with a modern twist for young consumers.

“Right from coming up with a unique idea to differentiate ourselves from the other players, and what they deliver, Sattviko has overcome many hurdles and has thrived in its journey to where it is today,” Gupta told IANS.

Tips to expand business
Tips to expand business . Today, India’s Gen-Y shop using a mix of online and offline modes where they compare prices and refer to reviews online even when they shop in an offline store.Flickr

He has developed an AI-based technology platform called “JIGSAW” to enhance and scale-up the distribution medium.

Ola is serving over one billion customers annually and is creating employment opportunity for millions through its ride-hailing platform.

Ola Co-founder and CEO Bhavish Aggarwal who set up the firm some eight years ago believes the future of employment is micro-entrepreneurship.

According to Mishra, “Unlike entrepreneurs who believe in concentrating on business administration, baniyas are hawk-like people”.

“This is the secret to their ever-flourishing business,” Mishra noted.

Also Read: World’s First Fully Solar Powered Airport In India

Baniyas are strict with keeping their balance sheets up-to-date. They are also a closely-knit community and adhere to their clan’s unwritten rules very strictly.

The inner community network plays a big role, where they have enough access to trade or business knowledge, availability of funds and other resources. Almost all of them have retained the hard-nosed approach of their forefathers.

“The current army of baniyas knows by heart how their forefathers worked. It is deep down there, even if they live and study abroad and then start their business back home. It is right in their genes,” said Mishra. (IANS)