Speaking at the 4th Global Business Summit here, Trump Jr. said: "Indians do have a special entrepreneurial flair. It's easier to do business with Indians, because of the language, common law, the ability to build reliable relationships. It is almost like doing business back in the United States. For me, it has been, certainly been, easier to do business in India."
Trump Jr. also praised the Narendra Modi-led government over-pushing of reforms.
Acknowledging that real estate in India had been going through a tough time, he saw it as a period of cleansing.
"I have been coming here for ten years. Real estate was a four-letter word. People promised X, and delivered X minus a lot if anything at all." Things have changed a lot here, Trump Jr. said.
On the development of luxury real estate projects in India, Trump Jr. stated that his business brought "authentic and truly global luxury" to India.
"This is now a mature market, our clients fly the world over; they know what luxury is and they are seeking it here. India was behind in such projects, but it has now caught up with the global standards," he said.
Also, he added that ever since Trump took over the president last year, the Trump Organisation would not sign any deals with any country, in order to avoid "conflict of interests" from the White House.
According to business partners in India, many units in the Trump Towers are selling about 30 percent per square foot higher than the current market rates. Trump Jr.'s visit to India is expected to reinforce the trend.
The Trump Organisation has more business entities in India than in any other foreign country, financial filings show, with licensing bringing in estimated payments of 1.6 million dollars to 11 million dollars since 2014.
Trump Jr.'s visit to India comes after his sister, Ivanka, visited Hyderabad in November last year to attend the Global Entrepreneurship Summit (GES).
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)