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Easier to do business in India than China: Trump Jr.

ANI  |  New Delhi [India] 

Donald Trump's son Jr. on Friday praised the overall environment in and reiterated that it was easier to do in as compared to

Speaking at the 4th Global Summit here, Jr. said: "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 For me, it has been, certainly been, easier to do business in "

He was replying to a question during the meeting on why the Organisation chose to build ultra-luxury apartments in India first than in

Trump Jr. also praised the over-pushing of reforms.

Acknowledging that 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. 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 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 last year, the would not sign any deals with any country, in order to avoid "conflict of interests" from the

Trump Jr. is on a week-long visit to India to endorse his luxury real estate project, the in Gurugram, Pune, and

He called on several at in and met with the members of M3M India and Tribeca Developers.

According to business partners in India, many units in the 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.

India is Trump Organisation's biggest international market, with four underway in Mumbai, Pune, Kolkata, and

The 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 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.)

First Published: Sat, February 24 2018. 01:31 IST
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