This was announced by Prime Minister Narendra Modi tonight.
He said the three-day event would aim to bring together entrepreneurs of the two countries.
"The Summit is a unique opportunity for bringing together entrepreneurs and start-ups with global leader," PM Modi tweeted.
"Look forward to Ms. Ivanka Trump's presence at #GES 2017 Hyderabad as the leader of the US delegation," he said in another tweet.
Ivanka Trump had later tweeted, "Thank you, Prime Minister Modi, for inviting me to lead the US delegation to the Global Entrepreneurship Summit in India this fall."
The event is being organised by the NITI Aayog in coordination with Ministry of External Affairs.