Mumbai: Industrialist Anand Mahindra on Friday said the policies of a “whimsical” Donald Trump, the US president, present an exciting opportunity for investing in the world’s biggest economy and his group will be doubling its bets there.
“The reality is that his ‘Make America great’ policy is going to make America a wonderful place to invest in. The stock market is already cheering. Our group is going to double our bets on America because we think it is going to be very robust,” Mahindra told the annual Nasscom summit.
Stating that “all of us” follow Trump’s Twitter feed closely and the former realty show star is getting highest ratings for this show, Mahindra said, “the American President has become the object of derision for a lot of media because of his whimsicality”.
Underlining that Trump is out to re-imagine his country and not the world, Mahindra said, “America is still powerful, he can wake up and keep us on edge”.
He however added: “There is space for a country and a leader to try and fill that vacuum that’s going to come because the US President, the leader of free world so far, is not re-imagining the world. I think this is an enormous opportunity for India.”
RIL chairman Mukesh Ambani too has said that he sees a silverlining in the rising protectionism in the US and the rest of the developed world and termed the Trump posturings as a blessing in disguise for the domestic IT players.
“Trump can actually be a blessing in disguise. The domestic IT industry can focus on solving problems right here, which is a huge market,” Ambani had told the 3-day Nasscom leadership forum on Wednesday. On the increasing calls coming in from the developed world for protectionism, Ambani had said the domestic industry should work on strengthening capabilities.