The eldest son of US President Donald Trump, Donald Trump Junior, today confessed that India is ‘substantially above board’ in ease of doing business as compared to China. He further added that reforms will help in attract larger investments to Asia’s third largest economy from developed countries like U.S.
On a week-long sojourn to enhance sales of upcoming Trump Towers in the country, he claimed that the ‘spirit’ of doing business in India is much more aligned with the US way of doing business.
He said, “As a businessman, I feel things here are substantially more above board.” “I think the mentality of the people is the same. I think there is probably little bit more honesty.”
He was answering in a question-answer round with senior editors on why Trump Organisation chose to build ultra luxury apartments in India first than in China.
Trump Organisation has licensing pacts with local business partners namely M3M and Tribeca Developers, for constructing 254 apartments in a price bracket of Rs 5.5 crore to Rs 11 crore with a total area ranging from 3,500-4,500 square feet, at Gurugram. The project is scheduled for completion in March 2023.
“For me it has been, certainly been, easier to do business in India,” he said.