11 Important Things PM Narendra Modi Said At Global Entrepreneurship Summit In Hyderabad

Speaking at the Global Entrepreneurship Summit, PM Narendra Modi hailed the fact that it was being held in South Asia for the first time.

PM Modi also spoke about how the summit brings together leading investors, entrepreneurs, academicians, think-tanks and other stakeholders to propel the global entrepreneurship ecosystem. This event connects the Silicon Valley with Hyderabad and showcases the close ties between the United States of America and India.?

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, according to PM Modi.

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More highlights from PM Narendra Modi's speech below:

1) 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 vital to our development.??

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

3) Three out of four oldest High Courts in India are 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.

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4) 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.

5) 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. Many entrepreneurs are involved in promoting Yoga, spirituality, and traditional Ayurvedic products.

6) The digital world we live in today is based on the binary system. The invention of zero, 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.

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7) 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.?

8) 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.?

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

10) 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 renewable 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 policy is also in the pipeline.

11) To the entrepreneurs, the Indian PM had just one message -? Come, Make in India, Invest in India - for India, and for the world.