Economies and societies thrive when women are empowered: Ivanka Trump

Ivanka Trump will take the stage at a global conference in India Tuesday, but there might be a problem: Hardly anyone in India seems to know anything about President Donald Trump's eldest daughter.

"Our administration is committed to empowering women entrepreneurs through domestic reforms", she said.

In developing countries, 70% of women-owned smaller businesses were being denied access to capital, she said, leading to a near $300 billion annual credit deficit for them.

She opened her speech by stressing how across the world entrepreneurs were "revolutionising our economies, and improving our societies".

Ivanka Trump speaks at the Global Entrepreneurship Summit or GES in Hyderabad, India, on November 28, 2017. But you are here today because you are not afraid to fail.

Talking about the heritage of Hyderabad that is hosting her, Ivanka Trump said she was happy to be in Hyderabad, which is emerging as the innovation hub of India.

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"You are rewriting the rules", she said and went on to talk about this year's GES theme. "In this city of pearls, the greatest treasure is you - the dreamers, the entrepreneurs who never give up and always strive for a better tomorrow", she told young entrepreneurs who cheered for her.

Trump, who is leading the USA delegation to the conference, said, "Here in India I want to applaud Prime Minister Modi for his firm belief that progress of humanity is incomplete without the empowerment of women".

"What you are achieving is truly extraordinary. from your childhood selling tea to election as India's Prime Minister", Trump said.

"When Ivanka Trump said that India had lifted 130 million people out of poverty she was referring to the UPA government's period of 2004 to 2014 (the number was 140 million)", he said in a tweet. "It is a symbol of the strengthened friendship between our two peoples, and the growing economic and security partnership between our two nations", Ivanka said. "In the past 11 months, we have expanded apprenticeship programs and prioritized STEM education to ensure that women - and men - have more opportunities to master the skills that drive progress in the 21st century".

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.People of different nationalities, from across the world, have been trickling in since morning, bring along warmth, vibrance and enthusiasm to the colourfully decked up convention centre and neighbourhood.Within minutes of their arrival, numerous participants got into networking, the foundations of which were laid over the mobile app GES "17 developed for the Summit".

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