We’re Going to Double Our Bets on America: Mahindra
Mumbai: Even as the world adjusts to the reality of the US President Donald Trump, Anand Mahindra, the executive chairman of the Mahindra Group, on Friday added to the narrative that Trump’s “Make America Great Again” policy is an opportunity for India and that his group is going to double investments in the US. Two days after RIL chairman Mukesh Ambani said, at the same event, that Trump was a “blessing in disguise” for India, Mahindra also said that India needs to look at the protectionist attitude of the US as an opportunity.
“The reality is his Make America Great Again policy is going to make America a wonderful place to invest in. The markets are already cheering, we are going to double our bets on America, because I think it’s going to be very robust,” he said. He also took a dig at Trump: “I think all of us wake up every morning and look to see what Trump has tweeted. As usual, he’s getting the highest rating for this reality show, no one’s going to dispute that with him,” Mahindra said at a panel discussion at the ongoing Nasscom India Leadership Forum. Further, he urged the IT industry, represented by host Nasscom, to reimagine itself at a time when it is facing challenges in its biggest markets as well as the changing nature of business brought about by automation. Mahindra said Nasscom’s move to not announce its annual growth target for the IT services industry — a first in 25 years — was a step in the right direction.