Trump goes on the prowl in India

[MUMBAI] American tycoon Donald Trump is looking to invest in India's hospitality industry after lending his name to luxury residential projects as the real estate mogul diversifies his businesses outside the US.

"India is a great place to invest, especially after the elections," Mr Trump, 68, who has licensing tie-ups with Pune-based Panchsil Realty and Lodha Developers Pvt, said during a press conference in Mumbai on Monday.

Prime Minister Narendra Modi's party secured India's first single-party parliamentary majority in 30 years after general elections in April and May. He pledged 1.48 trillion rupees (S$30.2 billion) last month to unclog transport links, spur power output and build cities, while also loosening restrictions on foreign investment.