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PM Modi inaugurates Global Entrepreneurship Summit-2017 in Hyderabad

Published By : Admin | November 28, 2017 | 15:46 IST
#GES2017 brings together leading investors, entrepreneurs, academicians, think-tanks and other stakeholders to propel the global entrepreneurship ecosystem: PM
In Indian mythology, woman is an incarnation of Shakti - the Goddess of power. We believe women empowerment is crucial to our development: PM at #GES2017
#GES2017: Indian women continue to lead in different walks of life. Our space programmes, including the Mars Orbiter Mission, have had immense contribution from women scientists, says PM Modi
In India, we have constitutionally provided for not less than one third of women representation in rural and urban local bodies, ensuring women’s participation in grass-root level decision-making: PM at #GES2017
I see 800 million potential entrepreneurs who can work towards making the world a better place: PM Modi at #GES2017
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: PM at #GES2017
We have launched the MUDRA scheme to provide easy finance of upto one million rupees to entrepreneurs; more than 70 million loans have been sanctioned to women entrepreneurs: PM at #GES2017
A historic overhaul of the taxation system has been recently undertaken, bringing in the Goods and Services Tax across the country: PM at #GES2017
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, says PM Modi at #GES2017

We are happy to host the 2017 Global Entrepreneurship Summit in partnership with the Government of the United States of America.

The Summit is being held in South Asia for the first time.It brings together leading investors, entrepreneurs, academicians, think-tanks and other stakeholders to propel the global entrepreneurship ecosystem.

This event not only binds the Silicon Valley with Hyderabad but alsoshow-cases the close ties between the United States of America and India.It under-linesour shared commitment towards encouraging entrepreneurship and innovation.

The topics picked for this year’s summit include healthcare and life sciences; digital economy and financial technology; energy and infrastructure; and media and entertainment. These are all important issues, relevant to the well-being and prosperity of mankind.

The theme “Women First, Prosperity for All” makes this edition of GES stand out.In Indian mythology,woman is an incarnation of Shakti- the Goddess of power. We believe women empowerment is crucial to our development.

Our historyhas references to women of exceptional talent and determination. Gargi, an ancient philosopher,around the seventh century BC, challenged a male sage (सेज)to a philosophical discourse -something unheard of in those times. Our warrior queens like Rani Ahilyabai Holkar and Rani Lakshmibai fought bravely to defendtheir kingdoms. Our freedom struggle too is replete with such inspirational instances.

Indian women continue to lead in different walks of life. Our space programmes, including the Mars Orbiter Mission,have had immense contributionfromwomen scientists. Kalpana Chawla and Sunita Williams, both of Indian origin, have been part of US space missions.

Three out of four oldest High Courts in Indiaare now headed by women judges. Our sportswomen have done the country proud.This very city of Hyderabad is home to Saina Nehwal, PV Sindhu, and Sania Mirza, who have brought laurels to India.

In India,we have constitutionally provided for not less than one third of women representation in rural and urban local bodies, ensuring women’s participation ingrass-root level decision-making.

More than sixty percent of workers in our agriculture and allied sectors are women.Our milk co-operatives in Gujarat and the Shri Mahila Griha Udyog Lijjat Papad, are examples of highly successful and globally acclaimed women-led co-operative movements.

Friends. 

Over the next two days,you will meet many women who have dared to be different, in their own walks of life.They now inspire a new generation of women entrepreneurs. I hope the deliberations in the summit would focus on how women entrepreneurship can be further supported. 

Ladies and Gentlemen. 

India has been an incubator for innovations and entrepreneurship over the ages. 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,traditional Ayurvedic medicinal and herbal products. 

The digital world we live in today is based on the binary system, the foundation of computing. The invention of zero and its recognition as a number, which laid the foundation of this binary system, happened with Aryabhatta’s work in India.Similarly, many nuances of modern day economic policy, taxation system,and public finance policies are outlined in our ancient treatise  Arthashastra by Kautilya. 

Ancient India’s expertise in metallurgy and minting of coins is also well known.Our many ports and harbours andthe world’s oldest dockyard at Lothalbear evidence to vibrant trade linkages. The tales of Indian voyagers travelling to foreign lands reflect the entrepreneurial character and spirit of our forefathers.

What are the core qualities that distinguish an entrepreneur? 

An entrepreneur uses knowledge and skills to fulfil a motive.Entrepreneurs see opportunity in adversity. They try to meet felt needs by making processes more convenient and comfortable for the end user.They are patient and determined.Swami Vivekananda had said “Each work has to pass through three stages – ridicule, opposition, and then acceptance. Those who think ahead of their time are sure to be misunderstood." Most entrepreneurs would be familiar with this.

The power to think differently and ahead of the times for the betterment of mankind is what sets entrepreneurs apart.I see that power in India's young generation today. I see 800 million potential entrepreneurs who can work towards making the world a better place.

The number of smartphone users in Indiais projected to grow to over 500 million by 2018. This offers immense  potential for the growth of any entrepreneurial venture, in terms of outreach and job creation.

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. Over 1200 redundant laws have been scrapped, 87 rules for FDI have been eased in 21 sectors, and several government processes have been taken online.

Our government has taken several steps to improve the business environment. The jump in India’s ranking in the World Bank’s Ease of Doing Business Report,from 142 to 100, in three years,is a result of this.

We have improved on indicators like dealing with construction permits,getting credit, protecting minority investors, paying taxes, enforcing contracts and resolving  insolvency.

The process is yet not complete. This is an area where we are not satisfied with 100. We would strive towards 50.

We have launched the MUDRA scheme to provide easy finance of upto 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. 

My government has launched the “Atal Innovation Mission”. We are opening Tinkering Labs in more than 900 schoolsto promote a culture of innovation and entrepreneurship among children. Our “Mentor India” initiative engages leaders to guide and mentor students through these tinkering labs.In addition,19 incubation centers have been created in various universities and research institutions. These will nurture innovative start-up businesses to become scalable and sustainable.

We have created Aadhaar - the world’s largest biometric based digital database. This currently covers over 1.15billion people and digitally authenticates over 40 million transactions daily.We now digitally provide monetary benefits of various government schemes to the beneficiaries through Direct Benefit Transfer using Aadhaar.

Almost 300 million bank accounts with deposits of over 685 billion rupees have been opened through the Jan Dhan Yojana. These bring previously un-banked sections of societyinto the formal financial system.Of these, 53 per cent accounts are of women.

We are steadily working towards a less cash economy and have launched a Unified Payment Interface App called BHIM. In less than a year,this platform is facilitatingalmost 280 thousand transactions daily.

Having almost completed our programme to connect all villages with electricity, we have launched the Saubhagya scheme. This will provide electricity connections to all families by December 2018.

We have launched a programme to provide high-speed broad-band internet to all rural areas by March 2019.

Under our clean energy programme, in just 3 years, we have doubled the renewables capacity from 30 thousand Megawatts to about 60 thousand Megawatts. Solar energy generation has increased over 80 percent in the last year. We are working on developing a national gas grid.  A comprehensive national energy policyis also in the pipe-line.

Our Swachh Bharat Mission to improve sanitation and cleanliness, and the rural and urban housing missions under-line our commitment towards dignity of life.

Our infrastructure and connectivity programmes like Sagarmala and Bharatmala offer entrepreneurs many business opportunities for investment.

Our recent World Food India initiativehelped us engage with entrepreneurs in the food processing industry and agricultural waste sectors.

My government understands that an environment of transparent policies and a rule of law providing a level-playing field are necessary for entrepreneurship to flourish.

A historic overhaul of the taxation system has been recently undertaken, bringing in the Goods and Services Tax across the country. Our Insolvency and Bankruptcy Code introduced in 2016 is a step towards ensuring timely resolution for stressed ventures.We have recently strengthened this further, preventing willful defaulters from bidding for stressed assets.

Tough measures have been adopted to tackle the parallel economy,check tax evasion and control black money.

Our efforts have been recognized by Moody’s recent upgrade of India’s government bond ratings from Baa3 to Baa2. This upgrade comes after a gap of almost 14 years.

India has improved from its rankfrom 54 in 2014 to 35 in 2016 on the World Bank’s Logistics Performance Index.This signifies the relative ease and efficiency with which products can be moved into and from a country.

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 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 whole-hearted support.

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 summitwill certainly resonate with those themes.Let me conclude by wishing you fruitful, engaging and rewarding deliberations at this summit.

 

 

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PM to visit Surat and Daman on 5th June
June 04, 2026
PM to inaugurate, dedicate to the nation and lay the foundation stone of various development projects worth around ₹18,800 Crore in Surat
PM to dedicate key packages of the 8-Lane Access-Controlled Vadodara-Mumbai Expressway to the nation
PM to lay foundation stone for four-laning of critical sections on NH-56; project to enhance connectivity across tribal regions and boost access to the Statue of Unity
PM to inaugurate, dedicate to the nation and lay the foundation stone of development projects worth around ₹2,970 Crore in Daman
PM to dedicate New Terminal Building of NAMO Airport in Daman
PM to lay foundation stones of port projects worth ₹885 Crore for the UT of Lakshadweep

Prime Minister Shri Narendra Modi will visit Gujarat and Daman on 5th June, 2026. At around 2:30 PM, Prime Minister will visit Hazira in Surat district and review ongoing industrial operations and infrastructure projects. At around 4:15 PM, Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of various development projects worth around ₹18,800 crore in Surat. He will also address the gathering on the occasion.

Prime Minister will then travel to Daman, where at around 6:15 PM, he will inaugurate the New Terminal Building of NAMO Airport in Daman. This will be followed by the dedication of NAMO Hospital in Daman to the nation. Thereafter, at around 7:15 PM, Prime Minister will inaugurate, dedicate and lay the foundation stone of various development projects worth around ₹2,970 crores in Daman. He will also lay the foundation stone of four important projects for the Union Territory of Lakshadweep worth around ₹885 crore. He will also address the gathering on the occasion.

PM in Surat

Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of multiple development projects worth over ₹18,800 crore in Surat across the road, power and industrial sectors.

Prime Minister will dedicate Packages VI and VII of the Vadodara-Mumbai Expressway to the nation, enhancing high-speed transportation, logistics efficiency and economic connectivity between Gujarat and Maharashtra. Prime Minister will lay the foundation stone for key infrastructure projects which includes the four-laning of critical sections on NH-56 to enhance connectivity across tribal regions and boost access to the Statue of Unity.

Prime Minister will also inaugurate a 200 bedded ESIC Hospital in Surat, providing modern secondary healthcare across key specialties, backed by a central laboratory and essential ancillary services. It also features 24/7 emergency and trauma care to ensure the timely management of occupational injuries and medical emergencies. Prime Minister will inaugurate critical utility and industrial infrastructure projects, including the Transmission Network Expansion in Gujarat to enhance power evacuation capacity under the Inter-State Transmission System. Prime Minister will also inaugurate several important initiatives of Government of Gujarat, including modern power distribution upgrades under the Revamped Reforms-Based Distribution Sector Scheme in Valsad, advanced effluent disposal and treatment infrastructure at Dahej Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) and Sarigam Gujarat Industrial Development Corporation (GIDC), and essential layout utilities at the Jambusar Bulk Drug Park.

PM in Daman

Prime Minister will inaugurate, dedicate to the nation and lay the foundation stone of development projects worth around ₹2,970 crore in Daman. These projects span various sectors including healthcare, civil aviation, tourism, infrastructure, connectivity and public welfare and are expected to provide a major boost to the overall development of the Union Territory of Dadra and Nagar Haveli and Daman and Diu.

Prime Minister will inaugurate and dedicate projects worth around ₹1,340 crore, including the New Terminal Building of NAMO Airport and NAMO Hospital, among others in Daman. The new airport terminal will significantly enhance regional air connectivity and facilitate economic growth in the region. NAMO Hospital, the district hospital in Daman district, has been developed to cater to nearly 1,500 OPD patients per day and will strengthen access to quality healthcare services for the people.

Prime Minister will also lay the foundation stone of projects worth around ₹1,630 crore. Major projects include the Iconic Bridge, the Daman Convention Centre and the NIFT Campus at Daman, among others. These projects are expected to strengthen modern infrastructure, boost tourism, promote investment, generate employment opportunities and improve the quality of life of the people.

Prime Minister will also lay the foundation stone of important projects for the Union Territory of Lakshadweep worth around ₹885 crore. These projects include Development of Port Facilities on the Eastern and Western Sides of both Kalpeni Island and Kadmat Island. The development of these multipurpose jetties will facilitate year-round berthing of large passenger vessels, including cruise vessels of up to 300 metres in length. The projects will enable safe and efficient passenger and cargo handling and provide integrated facilities for fish handling, fuel distribution, ice supply and boat repair. These initiatives will strengthen maritime connectivity, support the livelihoods of local fishermen, promote tourism and contribute to the socio-economic development of the islands.