India and US will be co-hosting the Global Entrepreneurship Summit (GES) at Hyderabad from November 28, 2017. The event is being organised by the NITI Aayog in coordination with Ministry of External Affairs. This announcement was made by Prime Minister Narendra Modi through a series of tweets.
According to the Prime Minister, the main motive behind the three-day event is to bring together entrepreneurs of the two countries.
Commenting on the development, Prime Minister Narendra Modi said, “The Summit is a unique opportunity for bringing together entrepreneurs and startups with global leaders. We look forward to Ms Ivanka Trump’s presence at Global Entrepreneurship Summit 2017-Hyderabad as the leader of the US delegation.”
— Narendra Modi (@narendramodi) August 10, 2017
Modi, who had earlier invited US President Donald Trump’s daughter Ivanka during his meeting with Trump in Washington in June. Ivanka will be leading the American delegation in the upcoming event in Hyderabad, India
Ivanka presence was confirmed by US President Donald Trump through a tweet where he said, “@IvankaTrump will lead the US delegation to India this fall, supporting women’s entrepreneurship globally. #GES2017 @narendramodi.”
Later on, Ivanka retweeted Modi tweet and tweeted “Honored to lead the US delegation to #GES2017 in India & meet with Prime Minister Modi & passionate entrepreneurs from around the globe!”
— Ivanka Trump (@IvankaTrump) August 10, 2017
Earlier in July 2017, IndianWeb2 reported how India and Israel have deepened their business relationship by announcing the launch of a technology fund, the Israel India Innovation Initiative Fund, or I4F, that will focus towards growing the two countries’ business relations. In the same month, Indian Prime Minister had launched India-Israel innovation bridge to encourage startups and innovators.
Whereas in May 2017, Modi had invited startups to focus on research for innovative medical devices and use technology to make healthcare more affordable.