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Trump Jr says missing out on India deals from father's self-imposed curbs

Shortly before taking office last year, Trump Sr. said he would hand off control of his business empire

Reuters  |  New Delhi 

Donald Trump Jr
Donald Trump Jr at New Delhi. Photo: Sanjay K Sharma

U.S. Donald Trump's elder son described as an important market for The but said the global company will lose out on new deals because of self-imposed restrictions put in place by his father since he took office.

Jr.'s comments, at the start of a trip to woo buyers for his luxury residential projects in several Indian cities, appeared aimed at blunting criticism that there could be possible conflict of interest in pushing the Trump brand name.

said new business would take a hit in

"Few years ago, I said it would become our largest (market) because I really believed in the market... I think it will continue to be the same when I am able to get back in the market and focus on the business side, on new deals again in the future, once my father is out of office," told television channel CNBC-TV18 late on Tuesday.

Shortly before taking office last year, said he would hand off control of his business empire, which includes luxury homes and hotels across the world, to his sons Donald and Eric, and move his assets into a trust to help ensure that he would not consciously take actions as that would benefit him personally.

Many government and private ethics watchdogs said he should have gone further, divesting himself of assets that could cause a conflict of interest. His partners in meanwhile are playing up the Trump brand.

In the days leading up to Trump Jr.'s visit, one of its development partners in Gurgaon, near the capital of New Delhi, launched an on the front page of India's most widely circulated newspapers to lure buyers.

Book your Trump Towers' residence before Feb 22 and join Mr Donald for a "conversation and dinner" on Feb 23, the advertisement said, luring buyers with a chance to rub shoulders with the president's family.


The promoter advertised that among the buyers for apartments in the 47-floor tower are a famous Indian and an art maestro, neither of whom was identified.

"India, it has been an important market for us, but again there is this opportunity cost of the deals that we are not able to do that don't get discussed," said, shrugging off criticism about profiteering from the

"We could do so many more but we are not doing those," he said, adding that even as his father put curbs in place, he got no credit for doing so.

will fly to Pune on Wednesday to meet his development partner after which he will be in on Thursday attending a champagne reception with buyers of Trump apartments built in partnership with

will be speaking to Indian business leaders later this week on ties. will also be present at the event.

told CNBC-TV18 that America's economic ties with were important.

"When you talk about this sort of natural business relationship, beyond the political relationship of the two largest democracies in the world, I think that is an important relationship to maintain especially when you look at what is going on in the world today in many of the other markets and in many of the upcoming powers," he said.

A assessment last year found had meddled in the 2016 U.S. elections and that its goals eventually included aiding Former in his new book expressed derision and astonishment over a 2016 meeting between Trump Jr., his father's top campaign officials and a Russian lawyer, terming it "treasonous".

has denied meddling in the election and has denied any collusion between his campaign and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Wed, February 21 2018. 12:57 IST