[ecis2016.org] Donald Trump’s real estate investments in Pune and Gurgaon, could have implications on the United States’ foreign policy, if the Republican presidential nominee wins the November general elections, according to a major US weekly
In its cover story on Trump’s investments in properties overseas, the popular Newsweek noted that as the Republican National Convention was about to get underway in July, the Trump Organisation declared it was planning a massive expansion in India. “That is a chilling example, of the many looming conflicts of interest in a Trump presidency,” the weekly noted.
You are reading: Trump’s real estate investments in India could impact US foreign policy
“If he plays tough with India, will the government assume it has to clear the way for projects in that ‘aggressive pipeline’ and kill the investigations involving Trump’s Pune partners? If Trump takes a hard line with Pakistan, will it be for America’s strategic interests or to appease Indian government officials, who might jeopardise his profits from Trump Towers Pune?” the weekly asked.
Read also : Property rates & trends in Chinchwad, Pune
According to the weekly, several Indian political leaders and major political parties, have established close relationship with the Trump family as a result of its real estate investments in Pune and Gurgaon. In India, the conflicts between the interests of the Trump Organisation and American foreign policy are starker, Newsweek said.
The controversy surrounding Trump Towers Pune
Trump signed an agreement in 2011, with an Indian property developer that wanted to construct a 65-storey building with his name on it. Leading the talks was a director of the company, who would later become the exclusive representative of Trump’s businesses in India, the weekly said.
However, government regulatory hurdles soon impeded the project, the cover story said, adding that Donald Trump Jr flew to India to plead with authorities, asking them to remove the hurdles. Despite this, the state authorities in Maharashtra refused to make an exception for the Trump Organisation, the report said.
Read also : All you need to know about the Bhubaneswar Development Authority (BDA)
“It would be extremely difficult for a foreign politician to make that call, if he were speaking to the son of the president of the United States.
“Last month, a scandal erupted over the development, called Trump Towers Pune, after the state government and local police started looking into discrepancies in the land records, suggesting that the land on which the building was constructed may not have been legally obtained,” the weekly said.
Credit for header image: http://bit.ly/2cBSjht
Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org
Source: https://ecis2016.org
Category: Lifestyle
