There are many who are not at all pleased with Donald Trump’s new executive policies and are afraid of his future actions. However, a billionaire industrialist from India recently stated that the new president of the United States of America is a blessing in disguise for Indians from around the globe.
Mukesh Ambani, the 59-year-old Indian business magnate who is the chairman and managing director of Reliance Industries Limited, said that the arrival of Donald Trump at the White House is actually beneficial for all Indians.
“Trump may be a blessing in disguise for domestic IT industry to focus on the home market,” said Ambani. “We should remain open to global trade and not be influenced by changes in a world where walls are being built.”
Mukesh Ambani is the elder son of the late Dhirubhai Ambani. In 2016, he was ranked No. 38 and is the only Indian businessman on Forbes’ list of the world’s most powerful people. In February of 2016, Mukesh Ambani-led Jio (India’s LTE network) launched its own 4G smartphone brand name LYF, and in June the same year, it became India’s third-largest-selling mobile phone brand. Ambani and his initiatives have helped India in attaining mobile network technology, which it was lacking from the past few years.
Stressing on the newly available opportunities for the information technology sector in India, Ambani added, “We now have the infrastructure to make India one of the biggest software markets in the world.”
Mr. Ambani further elaborated that Donald Trump’s new measures will help the Indian IT industry to focus on solving some serious problems and will surely boost India’s software industry.
“The domestic market is huge. We look forward to partner with the next generation to solve problems for India, to improve the quality of life of our people and to make sure our industries are more productive,” he said.
Apart from praising Donald Trump in his speech, Mukesh Ambani also stressed on data processing and how it will shape the face of India over the next 20 years.
“The 4th industrial revolution is connectivity and data. To my mind, data is new natural resource. Fundamentally, you have to have lot of people to generate and use data. So India is naturally blessed with 1.3 billion people.
“Data in its raw form is useful but it to have real value, it has to be processed into intelligence. We are at the beginning of that era where data is the new oil.”
On the other hand, there are few American-Indians who think otherwise. Famous American activist and celebrated lawyer Deepa Iyer recent told Rediff.com that Donald Trump’s action against the refugees entering the country is going to affect not only the people living in America but also everyone who thinks of a bright future.
Ms. Iyer further told Rediff that just because India’s name is not included in the current ban does not mean Trump’s administration won’t take such actions in future.
“We know that Indians comprise a large number of people that acquire those visas, so there is going to be some impact at some level. We are also going to see an executive order on undocumented people, including undocumented youth.
“We know that undocumented Indians comprise the largest population growth of all undocumented people in this country. So, we are going to get affected no matter what.”
Do you think that Donald Trump’s future policies are going to help India’s IT market the way billionaire industrialist Mukesh Ambani has suggested, or do you think that Trump’s executive orders and his future plans are going to affect the relationship between America and India? Sound off your views in the comments below.
[Featured Image by Olivier Douliery-Pool/Getty Images]