New Delhi [India], Feb 24 (ANI): United States President Donald Trump's son Donald Trump Jr. on Friday praised the overall business environment in India and reiterated that it was easier to do business in India as compared to China.
Speaking at the 4th Global Business Summit here, Trump Jr. said: "Indians 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 United States. For me, it has been, certainly been, easier to do business in India."
Trump Jr. also praised the Narendra Modi-led government over-pushing of reforms.
"I have been coming here for ten years. Real estate 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.
"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 president last year, the Trump Organisation would not sign any deals with any country, in order to avoid "conflict of interests" from the White House.
According to business partners in India, many units in the Trump Towers 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.
The Trump Organisation 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.