Trump Org looks for JV partner to enter India
Buoyed by the "incredible" growth in India's realty sector, the largest high-end condominium builder of the US, Trump Organisation, is looking for a joint venture partnership to foray into India in the next 12-18 months.
By PTI |
MUMBAI: Buoyed by the "incredible" growth in India's realty sector, the largest high-end condominium builder of the US, Trump Organisation, is looking for a joint venture partnership to foray into India in the next 12-18 months.
"We are looking for JV partners to enter into India. That is precisely why I am here. We are interested in the major cities for investment," Trump Organisation's Executive Vice- President (Development and Acquisition) Donald Trump Jr told reporters here.
"On a later date, we may enter the secondary and tertiary cities, as they grow," he said.
Asked which cities his company would be interested to invest in, he said, "certainly the city I'm standing on (Mumbai), Delhi, Hyderabad and Bangalore where the IT sector has witnessed a boom."
Trump said the company had no intention to enter the middle or low-income segment, since it is "the best in the high-end sector."
The company would also look at developing hotels and resorts, he said.
"Now is the time to come to India, we hope to strike the deal in the next 12-18 months. We will be eager to do it before that," Trump Jr said. He, however, declined to divulge the proposed investment, saying it would depend on the projects.
"We are looking for JV partners to enter into India. That is precisely why I am here. We are interested in the major cities for investment," Trump Organisation's Executive Vice- President (Development and Acquisition) Donald Trump Jr told reporters here.
"On a later date, we may enter the secondary and tertiary cities, as they grow," he said.
Asked which cities his company would be interested to invest in, he said, "certainly the city I'm standing on (Mumbai), Delhi, Hyderabad and Bangalore where the IT sector has witnessed a boom."
Trump said the company had no intention to enter the middle or low-income segment, since it is "the best in the high-end sector."
The company would also look at developing hotels and resorts, he said.
"Now is the time to come to India, we hope to strike the deal in the next 12-18 months. We will be eager to do it before that," Trump Jr said. He, however, declined to divulge the proposed investment, saying it would depend on the projects.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
