Donald Trump News: Next President Of US Invests In India, Worrying Pakistan?
Republican presidential nominee Donald Trump has, over the years, made a lot of investments. The Trump Organization, a privately held international conglomerate based in Trump Tower, Manhattan, New York City, serves as the holding company for Trump’s business worldwide.Advertisement
The Trump Organization has business interests in real estate development, investing, brokerage, sales and marketing, and property management and has Donald Trump as its chairman and CEO and his three eldest children Donald Trump Jr, Ivanka Trump and Eric Trump, serving as executive vice presidents.
Among his investments are in India and Asia, according to a profile in Wikipedia. According to Newsweek Trump Jr. has cited prospects in Russia, Ukraine, Vietnam, Thailand, Argentina and other countries. In India the Trump Organization has business interest in Pune, Gurgaon, Reuters reports.
In 2011, Trump signed a deal with Rohan Lifescapes as they wanted to construct a 65-Story building with his name on it. At that time the director of Rohan Lifescapes, Kalpesh Mehta was leading the talks and he was supposedly to become the exclusive representative of Trump’s businesses in India.
Donald Trump Jr reportedly flew in to Mumbai to speak to the chief minister of Maharashtra, Prithviraj Chavan, asking that he remove hurdles, but his request was declined. The exact date when Trump’s son came to Mumbai to meet the former chief minster is not known. However, the deal with Rohan Lifescapes eventually fell off due to government regulatory hurdles in 2013.
Eventually Trump had an Indian project underway in the city of Pune, India with a large developer — Panchshil Realty. They agreed to pay millions to so they could use Trump’s name on their two 22-floor towers. Trump’s new partner Atul Chordia of Panchshil had a special felicitation organized at that time which was attended by Bollywood actors, industrialists, socialites and even a former Miss Universe.
In the meantime, Donald Trump reportedly tied up with one of the most influential developer in Mumbai, Lodha Group for an 800-ft-tall, 77-storey residential tower at Lower Parel in 2013. Lodha reportedly paid Trump millions for this signature tower at The Park.
The Trump Organization struck another deal in April, even as the Republican nominee was on a campaign trail with the Ireo, a private real estate equity business based in the Indian city of Gurgaon. They have more than 500 investors in the fund that will be paying the Trump Organization. The Ireo group is headed by Madhukar Tulsi, a prominent real estate executive in India.
Last month, scandal erupted over the development, called Trump Towers Pune, after the state government and local police started looking into discrepancies in the land records.
His investments in real estate in India and around the world (he has investments in South Korea, Dubai and Turkey) may have serious implications and could have a conflict of interest with America’s foreign policy reports Times of India. Is Pakistan worried about the Republican’s investments in India?
It will be interesting to see, if Trump wins the election whether his foreign policy would benefit U.S. or would his business interest jeopardize the security of the country. If Trump is chosen, he would reportedly be one of the most controversial presidents in American history. The first presidential debate takes place on Monday.