Ivanka Trump goes to bat for female entrepreneurs at India summit

All about Ivanka's 'Sari dress' she'll wear during her India visit

Pitching for access to capital and equitable laws for women entrepreneurs, the 36-year-old businesswoman and fashion designer said closing the gender entrepreneurship gap could push the global GDP by up to two per cent.

The U.S. Small Business Administration, for example, increased lending to women by over $500 million in 2017, she said.

Ivanka Trump, daughter and adviser to US President Donald Trump in her address at the Global Entrepreneurship Summit in Hyderabad on Tuesday referring to Indian Prime Minister Narendra Modi said, " What you are achieving here is truly extraordinary.

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 three-day event, being co-hosted here by the United States and India, is being attended by 1,500 entrepreneurs, investors and eco-system supporters from 159 countries.

Ivanka kicked off the global business summit calling for better opportunities for women entrepreneurs battling heavy odds around the world.

"As President Trump said earlier this year: India has a true friend in the White House", she noted, without specifying the recent pronouncements of the USA administration favourable to India in the area of security, diplomacy and cooperation. More than half the participants at the summit are women, and all-female delegations are representing countries such as Afghanistan, Israel and Saudi Arabia.

Her India visit has made headlines but questions have been raised if she is the right person to talk about empowering women.

# I am proud to see that for the first time a majority of 1500 women entrepreneurs are participating in such an event.

In her speech, Trump listed out initiatives by the United States administration to promote women in business.

Even more promising, minority women have started almost 8 in 10 new women-owned businesses.

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

She also lauded Prime Minister Narendra Modi for his belief that progress of humanity is incomplete without the empowerment of women.

She also said that when women work, it creates a "multiplier effect", and leads to more reinvestment in families and society.

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