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PM Modi addresses Global Entrepreneurship Summit-2017
Speaking at the inaugural session of Global Entrepreneurship Summit-2017 on November 28 in Hyderabad in partnership with the Government of the United States of America with the theme "Women First, Prosperity for All", PM Narendra Modi said that India had been an incubator for innovations and entrepreneurship over the ages, stated a press release.

"The ancient Indian treatise, Charaka Samhita, introduced the world to Ayurveda. Yoga is another ancient Indian innovation. The entire world now comes together, to celebrate Yoga Day on 21st June every year. Many entrepreneurs are involved in promoting Yoga, spirituality, and traditional Ayurvedic products," he stated.

He made the following important points during his speech:

-Our Start-Up India programme is a comprehensive action plan to foster entrepreneurship and promote innovation. It aims to minimize the regulatory burden and provide support to startups.

-We have launched the MUDRA scheme to provide easy finance of up to one million rupees to entrepreneurs. Since its launch in 2015, over 90 million loans worth 4.28 trillion rupees have been sanctioned. Of these, more than 70 million loans have been sanctioned to women entrepreneurs.

-An investment-friendly environment needs to be stable from the macro-economic perspective. We have succeeded in containing the fiscal and current account deficits, and curbing inflation. Our foreign exchange reserves have crossed 400 billion dollars, and we continue to attract large foreign capital flows.

"To my young entrepreneur friends from India, I would like to say: each of you has something valuable to contribute towards creating a New India by 2022. You are vehicles of change and instruments of India's transformation. To my entrepreneur friends from across the globe, I would like to say: Come, Make in India, Invest in India - for India, and for the world. I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support," he urged.

He concluded, "I am informed that President Trump has declared November 2017 as National Entrepreneurship Month. America has also observed National Entrepreneurs' Day on November 21st. This summit will certainly resonate with those themes."

The US President Donald Trump's daughter Ivanka Trump, who is also an adviser to her father, in her speech, appreciated Hyderabad's contribution towards technology. She congratulated PM Narendra Modi for making transformation possible in India.

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