Wed, Dec 7, 2016 | updated 06:01 PM IST

Donald Trump as US Prez should be positive for Indian economy, real estate: Niranjan Hiranandani

Updated: Nov 09, 2016 22:18 IST

Mumbai (Maharashtra) [India], Nov. 9 (ANI-BusinessWireIndia): The United States of America has a new President; Donald Trump - and for Indian real estate, it reflects victory for not just a person, but a brand that has partnered Indian real estate recently, said Niranjan Hiranandani, CMD, Hiranandani Communities and Founder-President NAREDCO (Maharashtra).

"Overall, Donald Trump as President of the USA should be positive for the Indian economy and Indian real estate. For the Global business scenario, it is time to take stock of what changes he will bring about; from the perspective of the Indian people, the victory of Donald Trump is a reflection of the positive vibes that many Indians had expressed during the run-up to the US Presidential Elections," he said.

The impact on the global job market, especially given Trump's resistance to granting work visas to non-Americans, will also be felt by Indians, said Hiranandani.

"The IT and ITeS industry in particular, may face challenging times. In this probable scenario, it is Prime Minister Narendra Modi's 'Make in India' initiative, one which has been perfectly timed; we should encourage Indian Human Resources which might have powered the USA's economic growth to instead, work for India's economic growth. It is a simple matter of taking the situation in the right spirit and working on the platform that Indian PM Narendra Modi has created through his 'Make in India' initiative," he said.

"We hope that the new US President will take Indo-USA ties higher, and we hope for further co-operation from the USA, going into the Presidency of Donald Trump," he concluded.

Niranjan Hiranandani is Founder and MD of Hiranandani Group. His recent initiative is Hiranandani Communities. He is the Founder and First President (Maharashtra), National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India. (ANI-BusinessWireIndia)