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How India Became the World Leader in Trump Projects

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How India Became the World Leader in Trump Projects

[vc_row][vc_column][vc_column_text]-By Blake Schmidt

Three years after his deal-making tour, India has become the only developing nation where the US president’s personal construction business in booming

In western India, a pair of shiny black Trump buildings with gold insignia tower over the city of Pune. In nearby Mumbai, a 75-story Trump skyscraper will be one of the tallest in the megacity. In a swanky suburb of Delhi, two Trump partners have big plans. And in Kolkata, a new Trump tower is under way.

Three years after Donald Trump arrived on his private jet for a deal-making tour, India has become the only major developing country where his business is roaring. It has the most construction projects with Trump licensing deals of any country outside of the U.S.

After his election, Trump abandoned a number of international projects and promised not to engage in new foreign deals that could trigger conflicts of interest. With the Indian deals struck earlier, his company is barreling ahead. While in office, Trump has been building a strong bond with Prime Minister Narendra Modi—as his company builds ties with some partners who have faced legal troubles.

Modi was one of the first to visit Trump after he took office and invited daughter Ivanka to lead a delegation to a business summit in November. All of this has raised fresh questions about whether Trump Organization’s deals with politically-connected foreign tycoons could put his interests ahead of the nation’s and entail special treatment by foreign authorities.

India is a key U.S. ally in Asia and its rivalry with both Pakistan and China fosters many areas where Trump and Modi need each other—nuclear weapons, anti-terrorism, Afghanistan and trade, among others. So far, Trump doesn’t seem to have spared India in policies ranging from visas for technology workers to the Paris climate accord. Still, the risk that he might let his business interests outweigh national needs—or that Modi might cut him a break on taxes or permits in exchange for policy tweaks—remains a big concern for government ethics experts in the U.S. A spokesman for Modi did not respond to repeated requests for comment.

Asked about potential conflicts in India, the Trump Organization said it’s “very proud of the success we have achieved in that market with five active properties under various stages of development.” The White House referred questions to the Trump Organization.

Trump’s Indian partners Atul and Sagar Chordia celebrated the U.S. victory by flying immediately to New York to congratulate the president-elect, increasing congressional calls for Trump to divest his businesses. He opted instead to hold onto his assets and hand management to his two older sons.

Whatever concerns have been raised in the U.S. regarding the blending of business and policy, Trump’s election seems only to have increased the value of his brand in India, though some voices in the Indian press have begun to question the effects of politics and well-publicized conflicts of interests on his brand. Here, political ties have long been the fastest route to get approvals for big projects. Only Afghanistan is more burdensome when it comes to dealing with construction permits, according to a ranking of 186 nations in the World Bank’s 2017 Doing Business report.

In fact, the link between construction and politics is so tight in India that research by political scientists Milan Vaishnav and Devesh Kapur shows that cement consumption declines in the lead-up to state assembly elections because firms redirect cash from construction to campaigns.

“No one in India would think twice about him being engaged in politics on the one hand and real estate on the other,” said Vaishnav, senior fellow at the Carnegie Endowment for International Peace. “It’s an open secret that to be successful in Indian real estate, you have to be well connected in politics.”

 

Residents of Marora, a village about 100 km from Delhi, have tried renaming the place “Trump Village.” Photographer: Money Sharma/AFP/ via Getty Images

Residents of Marora, a village about 100 km from Delhi, have tried renaming the place “Trump Village.” Photographer: Money Sharma/AFP/ via Getty Images

In a more surreal display of Trump’s allure in India, a small village, encouraged by a charity group, renamed itself Trump Village and put up a Trump billboard to help get much-needed toilets. A local commissioner lashed out at the stunt and ordered the billboard removed. Bindeshwar Pathak, an activist who led the effort, expects the name will stick, however: “You can now say ‘I want to go to Trump Village’ and people will tell you how.”

One question facing Modi is to what extent his changes in real estate policy could impact the bottom line of Trump Organization or its partners. Last year, he ended a tax loophole often used by the rich to buy property in someone else’s name.

In his high-profile visit to Mumbai in August 2014, Donald Trump praised Modi for winning the country’s first single-party parliamentary majority in 30 years.

“India is a great place to invest, especially after the elections,” Trump told reporters. He held a banquet attended by 500 of Pune’s rich and powerful, in which TV cameramen pushed for position while a Bollywood star interviewed the American tycoon.

Trump spoke about his global ambitions to build towers in China and South America. As it happens, those projects have largely failed to materialize. His group scrapped deals in Brazil last year after being cited in a local corruption probe, in which the group hasn’t been charged with any crimes, and several projects in China and Russia have floundered.

Not so in Modi’s India, where an extended economic boom and the political influence of Trump’s allies have helped his business flourish.

In Pune on a recent afternoon, men in military uniform guarded the entrance of the Trump towers as auto rickshaws buzzed about on the street outside. The twin 23-story buildings stand out in the city’s unremarkable skyline. They were erected by Panchshil, the real estate business of the Chordia family. Patriarch Ishwardas Chordia, who hailed from a family of sugar traders, was college buddies with a powerful political broker, Sharad Pawar, whom Modi has lauded for his guidance in his early days in politics, and whose family members have shared business interests with the Chordias.

When Chairman Atul Chordia, his brother and an associate visited Trump days after the election, Trump praised Modi. The Chordias had been negotiating a second deal, which Trump scrapped along with other projects days before his inauguration. Chordia declined to comment.

In nearby Mumbai, Abhishek Lodha is trying to secure approvals for the last few floors of the Trump Tower Mumbai. The managing director of Lodha Group said in an interview at the firm’s office that he negotiated the tower deal over six months prior to Trump’s election, which included a visit to Trump Tower in New York for meetings with Donald Jr. and Ivanka. Once in Mumbai, Trump the elder made a few tweaks to the project: bigger kitchens, air-conditioning in the lobbies and kitchens, and he picked out the façade design.

Lodha is no political novice. His father is the deputy boss in Maharashtra state for Modi’s Bharatiya Janata party. After the government revised rules to allow transfer of development rights to the city of Mumbai in November, Lodha was the first to take advantage and surrendered some mill land. The group gained rights to more floor space in the city but hasn’t said how it will use it.

Almost 900 miles to the north in the Delhi suburb of Gurgaon, Pankaj Bansal is one of two Trump partners in a city where a Dubai-style boom of sky-rises emerged almost overnight out of farmland. Bansal, who traveled with Prime Minister Narendra Modi in business delegations to Russia and Japan, agreed to meet at M3M’s Golf Estate, though declined to comment on his Trump tie-up.

The entrance to the resort is flanked by shanties of workers. Bansal collects cars and likes to sky dive, and his company sells dreams to those fancying themselves as “the gentry”—a promotional video by his Polo Suites project offers a chance to “breathe the air of nobility, and live your life king-sized, to walk like gods amongst men.”

Gurgaon’s market is tough at the moment, but Bansal said he expects the family-run company to weather India’s economic slowdown by delivering on projects as competitors face crises. Two managing directors of Unitech Limited, for example, are fighting allegations that they duped customers after they were arrested in April over a delayed project. Unitech, which is not a Trump partner, did not respond to requests for comment.

“People who are delivering are doing okay,” said Bansal. “People who aren’t are bleeding blood.”

 

Lodha’s The Park complex, home to Mumbai’s Trump Tower. Photographer: Dhiraj Singh/Bloomberg

Lodha’s The Park complex, home to Mumbai’s Trump Tower. Photographer: Dhiraj Singh/Bloomberg

The name—M3M—tells something about the company’s self-image. It stands for Magnificence in the Trinity of Men, Materials and Money. The group has been facing some legal troubles of its own. It has denied allegations in a police report in March that an executive bribed forestry officials to clear 2,200 trees at a development site. The company says the allegations are completely false.

The company was entangled for years in a tax investigation into the suspected use of fronts in land purchases, a practice which is banned in India. M3M’s chairman offered to pay millions in advance tax when investigators raided group offices and seized funds and valuables in 2007, though court documents show the funds were later recouped after no incriminating evidence was found. The company said an appeal by the income tax department was dismissed in its favor in 2015.

Trump’s other partner in Gurgaon, IREO, also had its offices searched by tax investigation in 2010. The group said in an emailed response that it complied with tax authorities and provided all of its relevant shareholding details. No charges were filed. The executive who announced the Trump deal for the private equity real estate firm is the brother-in-law of Sudhanshu Mittal, a ruling party leader, though the company said he is not associated in any ownership or management capacity.

Harsh Patodia, chairman for Unimark Group, who has an arrangement with the Trump Organization in Kolkata, declined to comment by phone. Tribeca Developers, whose founder Kalpesh Mehta is a Trump representative in India who visited Trump Tower in November with the Chordias, also declined requests for comment.

During his 2014 visit, Trump knew how to flatter his audience.

“I don’t consider this an emerging market, I consider this an amazing market,” he said in an interview with NDTV, citing real estate prices that are cheap by his standards, though out of reach for most Indians. “India was very divisive at one point and people were afraid to invest and I think people have great confidence in the new prime minister.”

Trump’s courting of India is already paying off: his personal financial disclosures, which released details of his income in ranges, show India deals bringing in between $1.6 million and $11 million in royalties since 2014.

(This article is from a syndicated feed provided by Bloomberg)[/vc_column_text][/vc_column][/vc_row]

India News

PM Modi’s Indonesia visit to boost defence, digital and strategic partnership

Prime Minister Narendra Modi’s Indonesia visit is expected to strengthen bilateral ties through new initiatives in defence, digital infrastructure, maritime security, trade and critical minerals.

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PM Narendra Modi

Prime Minister Narendra Modi’s upcoming visit to Indonesia is expected to give fresh momentum to the growing strategic partnership between the two countries, with discussions likely to cover defence cooperation, maritime security, digital connectivity, trade, critical minerals and several other sectors.

India’s Ambassador to Indonesia, Sandeep Chakravorty, said the relationship between New Delhi and Jakarta has entered a stronger phase following Indonesian President Prabowo Subianto’s visit to India as the Chief Guest for the Republic Day celebrations last year. He said the Prime Minister’s visit is expected to further strengthen this trajectory through a series of new understandings and agreements.

Defence and maritime cooperation likely to receive major push

According to the ambassador, defence and maritime security will remain key pillars of the discussions during the visit.

He highlighted Indonesia’s strategic location along the Malacca Strait, describing secure sea lanes as vital for both countries and the wider Indo-Pacific region. He stressed that uninterrupted maritime connectivity remains essential for global trade and regional stability.

Without revealing specific details, Chakravorty indicated that the visit could produce significant outcomes in defence cooperation, saying several important announcements are expected.

‘BrahMos Plus’ hints at broader defence partnership

The ambassador also suggested that defence ties between India and Indonesia are moving beyond discussions centred on the BrahMos supersonic cruise missile.

Responding to a question about future cooperation, he remarked that the next phase would be “BrahMos Plus,” while refraining from providing further details.

He said future collaboration is expected to focus on defence manufacturing, technology partnerships, training and capacity building. India, he noted, has emerged as an important exporter of defence equipment and could support Indonesia’s efforts to strengthen its domestic defence manufacturing capabilities.

Military cooperation is also expanding, with India set to participate with troops for the first time in the multinational Garuda Shield military exercise after previously attending as an observer.

Digital connectivity and UPI integration gain momentum

Digital cooperation is expected to be another major highlight of the visit.

The ambassador said Indonesia is preparing to launch its Open Network for Digital Commerce (ONDC)-inspired platform during Prime Minister Modi’s visit, making it the fastest international adopter of India’s digital public infrastructure model.

The initiative is expected to support nearly 65 million micro, small and medium enterprises (MSMEs) in Indonesia by creating a more open digital commerce ecosystem.

Chakravorty also said discussions on integrating India’s Unified Payments Interface (UPI) with Indonesia’s payment systems have reached an advanced stage.

While technical integration remains complex due to Indonesia’s multiple payment-switch networks, he expressed confidence that progress would continue and the Prime Minister’s visit could accelerate the process.

Critical minerals and investment to feature prominently

Critical minerals are also expected to be a major area of cooperation as both countries look to strengthen supply chains for clean energy technologies and electric vehicle manufacturing.

Indonesia possesses significant reserves of nickel and other strategic minerals, while India is seeking reliable supplies to support its manufacturing ambitions.

The ambassador said India plans to invest in processing critical minerals within Indonesia rather than importing only raw materials. He added that such investments would support industrial development in both countries while contributing to India’s self-reliance goals.

Cultural ties to be highlighted

Apart from strategic and economic cooperation, the visit is also expected to showcase the longstanding cultural relationship between India and Indonesia.

Both countries will launch a 15-month programme commemorating Rabindranath Tagore’s 1927 visit to Indonesia, recognising his influence on the country’s educational and cultural landscape.

Prime Minister Modi is also expected to visit Yogyakarta, a city known for its historic temples, reflecting the deep civilisational links shared by the two nations.

With cooperation expanding across defence, digital infrastructure, trade and critical minerals, the visit is expected to mark another important step in strengthening the India-Indonesia strategic partnership and advancing cooperation in the Indo-Pacific region.

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Ram Mandir Trust accepts Champat Rai’s resignation amid donation theft row

The Shri Ram Janmabhoomi Teerth Kshetra Trust has accepted Champat Rai’s resignation as General Secretary following the donation theft controversy, with Bajrang Bagra emerging as a leading contender for the post.

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Champat Rai

The Shri Ram Janmabhoomi Teerth Kshetra Trust has accepted the resignation of its General Secretary, Champat Rai, following the controversy surrounding the alleged theft of cash donations at the Ram Temple in Ayodhya.

According to sources, Bajrang Bagra has emerged as one of the leading contenders for the post. Bagra currently serves as the International General Secretary of the Vishwa Hindu Parishad (VHP). A chartered accountant by profession and a former head of PSU NALCO, he is considered to have the administrative and financial expertise required as the Trust moves into its next phase.

Sources indicated that the Trust is looking to appoint someone with strong experience in governance, finance and institutional administration to strengthen its functioning.

Although Champat Rai has stepped down as General Secretary, sources said he is expected to continue as a trustee unless he decides otherwise.

Decision on successor may come after VHP executive meeting

The appointment of the next General Secretary is unlikely to be announced immediately. The VHP’s biannual national executive meeting is scheduled to take place in Delhi on July 19 and 20, where several organisational decisions, including transfers and appointments, are expected to be discussed.

Champat Rai and trustee Anil Mishra had submitted their resignations after Uttar Pradesh Chief Minister Yogi Adityanath reportedly took a firm stand on the alleged donation theft. Their resignations came after the Special Investigating Team (SIT) submitted its preliminary findings into the case.

Donation theft investigation

According to the preliminary investigation, temple staff responsible for counting cash donations allegedly siphoned off money despite CCTV cameras being installed at the counting centre. The report stated that the footage was not monitored regularly, allowing the alleged theft to continue. Reports suggest that around Rs 7 crore to Rs 7.5 crore may be missing.

So far, eight people have been arrested in connection with the case. Among them is Ram Shankar Yadav, also known as Tinnu Yadav, who worked as Champat Rai’s driver.

Sources said Champat Rai has told his close associates that Tinnu Yadav played the central role in the alleged fraud and misused the trust placed in him. According to the sources, Rai also claimed that when Yadav feared he would be caught, he leaked information to a Samajwadi Party leader.

The other accused arrested in the case are Avinash Shukla, Anukalp Mishra, Lav Kush Mishra, Manish Kumar Yadav, Karunesh Pandey, Ramashankar Mishra and Subhash Srivastava.

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WhatsApp gets more time to respond on username feature, rollout in India put on hold

WhatsApp has been granted more time to respond to the government’s concerns over its username feature and has assured that it will not launch the feature in India until discussions are completed.

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WhatsApp

Meta assures the government that the feature will not be introduced in India until ongoing consultations are completed.

Meta-owned WhatsApp has been granted an extension to submit its response to the Centre regarding its proposed username feature, while assuring the government that it will not roll out the feature in India until discussions on the matter are concluded.

According to sources, the government has allowed WhatsApp three additional days to file its response after the company sought more time. The original deadline for the reply was Friday.

The proposed username feature would allow users to connect with others without revealing their phone numbers, a move that has raised concerns within the government over its potential impact on cyber safety.

Last week, the Centre issued a notice to Meta questioning the feature, expressing concerns that it could increase online fraud, phishing attempts, impersonation, and so-called “digital arrest” scams. The government also directed the company to pause the rollout until consultations are completed to its satisfaction.

Sources said representatives from Meta met officials from the Ministry of Electronics and Information Technology (MeitY) on Friday following the issuance of the notice. During the discussions, WhatsApp reportedly assured authorities that the feature would not be introduced in India before the consultation process is completed.

The government has also asked Meta to explain why action should not be initiated under the Information Technology Act and the relevant rules if the proposed feature is found to compromise user safety. It reminded the company that WhatsApp, as a significant social media intermediary, must comply with due diligence obligations under Indian law.

A WhatsApp spokesperson had earlier clarified that the username feature is not yet live and is expected to be introduced gradually later this year.

The company said it has built several safeguards into the feature to prevent impersonation. According to WhatsApp, usernames of public figures, government entities, celebrities, and verified Meta accounts have been reserved so that they can only be claimed by their legitimate owners. It also said lookalike variations of such usernames are being restricted.

WhatsApp also clarified that users will still need a phone number to create and use a WhatsApp account. The username feature is intended only as an alternative way for people to connect.

The company added that users would need to know another person’s exact username before initiating contact. It also plans to limit how many new users an account can message, prevent repeated attempts to guess usernames, and use automated systems to detect impersonation and abusive behaviour.

To help users identify unfamiliar contacts, WhatsApp said it will display contextual information whenever someone sends a message through a username for the first time. Users will be informed whether the sender is a new account, an existing contact, someone who shares a mutual group, or a person located in another country before deciding whether to respond.

Following its notice to WhatsApp, the IT Ministry also issued notices to Telegram and Signal, seeking details on how their existing username-based systems address concerns related to fraud and impersonation. While WhatsApp has around 500 million users in India, Telegram has a significantly smaller user base.

In recent days, Meta and Telegram have also come under regulatory scrutiny on separate issues. The government recently issued a notice to Meta regarding child sexual abuse material appearing in Instagram advertisements, while Telegram was directed to strengthen action against the circulation of pirated films, OTT content, and other copyrighted audio-visual material on its platform.

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