Donald Trump, the Republican nominee who is all set to become the 45th president of the US (POTUS), after pulling what the politico.com said was a “stunning upset” in US history, is known for his commercial interests and investments across the world, via the Trump Organization. In India, he has investments in real estate.
In its September 14, 2016 issue, the Newsweek wrote that Trump has a real estate venture in India since 2011 when he signed a business agreement with real estate developer Rohan Landscapes. The venture to construct a 65-storeyed building in Mumbai did not fructify since they could not overcome government obstacles and the plan was finally scrapped two years later.
Trump later partnered with the Lodha Group for a 22-year-storeyed building (Trump Tower, Mumbai). His another real estate project in Pune links him to Atul Chordia, partner of Panchshil Realty; the Chordia family is close to Sharad Pawar, chief of political party, the NCP.
The magazine goes to list another real estate project of Trump Organization, in Gurugram (earlier Gurgaon), which links real estate developer Ireo to Sudhanshu Mittal, a member of the ruling Bhartiya Janata Party and a person with business interests.
Earlier, in July this year, the Trump Organization had actually spoken about close ties with India, during the Republican National Convention.
“We are very bullish on India and plan to build a pan-India development footprint for Trump-branded residential and office projects. We have a very aggressive pipeline in the north and east, and look forward to the announcement of several exciting new projects in the months ahead,” the Hindustan Times quoted Donald Trump Jr. as saying.
These dealings are being seen as potential conflicts of interests for Donald Trump, who defeated Democratic Party candidate Hillary Clinton, surprising many and prompting The Telegraph to call it “America’s Brexit.”