Latest news with #TrumpGoldCard
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Business Standard
2 hours ago
- Business
- Business Standard
Trump Gold Card will be highly successful in India: US Commerce Secretary
United States (US) Commerce Secretary Howard Lutnick on Monday said that the Trump Gold Card—a new $5 million pathway to US permanent residency—will be particularly popular among wealthy Indian nationals seeking to contribute to the American economy. Speaking at the US-India Strategic Partnership Forum (USISPF) Leadership Summit 2025, Lutnick called the programme 'an enormous opportunity' and a transformation in US immigration policy. 'I think the ordinary path of immigration for America is changing. The Trump Card is coming out. I expect it will create an enormous opportunity for people to come to America,' Lutnick said in his keynote address. New immigration scheme to replace EB-5 The Trump Gold Card was announced by US President Donald Trump in February 2025. It is designed as a replacement for the existing EB-5 programme and allows wealthy foreign nationals to gain a route to US citizenship by investing $5 million. 'India a key target for launch' Lutnick signalled that India would be a key launch market for the programme. 'When people ask me, 'When are you coming to India?' I say, 'When I launch the Trump Card, I promise you I'm coming to India,'' he said. Describing the initiative as a gateway for international entrepreneurs, he added, 'You can become like a green card holder—it's the Trump Gold Card. You can choose to pay global tax or remain taxed only on your US assets, with no inheritance tax or global tax obligations.' Tailored to global entrepreneurs 'This is what we're calling an international entrepreneur,' Lutnick continued. 'That's a special category, and I think it will be very, very well received amongst the great people of India who want to participate and have the means to participate in America.' The Trump administration has framed the programme as a strategic move to attract global capital and business talent, particularly from countries like India with large numbers of high-net-worth individuals and growing interest in global mobility.
India Today
2 hours ago
- Business
- India Today
Trump Gold Card to be a game-changer for Indian investors: US Commerce Secretary
The proposed Trump Gold Card, a USD 5 million pathway to permanent US residency, is expected to be a runaway success in India, US Commerce Secretary Howard Lutnick said on Monday, calling it a "wonderful opportunity" for Indian entrepreneurs and investors to link two powerful at the US-India Strategic Partnership Forum (USISPF) Leadership Summit 2025, Lutnick outlined the vision for the Trump-backed immigration initiative that would allow wealthy foreigners to gain permanent residency in the United States, much like a Green Card, only at a think the ordinary path of immigration for America is changing,' Lutnick said in his keynote. "The Trump Card is coming out. I expect the Trump Card will create an enormous opportunity for people to have the ability to come to America.' Lutnick was effusive about Indian talent and its outsized contribution to the US economy. 'The success of Indian entrepreneurs in America — individuals of Indian nationality leading and running so many of the great companies of America is because they're fantastic entrepreneurs, fantastic business people, smart, thoughtful, educated in every way.'Under the Trump Gold Card proposal, individuals would gain residency by investing $5 million. Lutnick said the program will especially resonate in India, given the nation's rising number of high-net-worth individuals eager to participate in global business.'We are going to be incredibly successful in India,' Lutnick said confidently. 'So when people ask me, 'When are you coming to India?' I'd say, 'When I launch the Trump Card, I promise you I'm coming to India.''advertisementHe added that the Gold Card offers more than just a visa —it offers a flexible tax option. 'You can become like a green card holder, the equivalent of it—it's the Trump Gold Card. You can do it that way and pay global tax, or keep everything the way it is and pay US tax on US assets, and nothing on your global assets. No inheritance tax either.'He said that creates a new class of investor: 'an international entrepreneur.'Lutnick also discussed trade and technology partnerships between the US and India, saying both nations stand to gain as America seeks to bring back advanced manufacturing while deepening its ties with trusted allies.'There are enormous numbers of product categories that we'd really like to go to India,' Lutnick said. 'India will benefit from a trade deal that gives it a better tariff relationship than most countries in the world.'In the tech space, Lutnick emphasized future collaboration. 'We want our allies to participate in the AI revolution with us. And if India is interested—and of course it is—we are ready, willing, and look forward to embracing India as a partner and friend in that path.'With immigration, trade, and tech all in play, Lutnick's remarks signal a deeper realignment in US-India ties under a Trump administration, one that bets big on Indian entrepreneurship, capital, and Watch
Deccan Herald
4 hours ago
- Business
- Deccan Herald
Trump Gold Card going to be incredibly successful in India: Commerce Secretary Lutnick
Lutnick was referring to the $5 million Trump Gold Card, on the lines of a Green Card, that will lead to permanent residency for foreigners, allowing them to live and work in the US.
The Print
6 hours ago
- Business
- The Print
Trump Gold Card going to be incredibly successful in India: Commerce Secretary Lutnick
He was referring to the USD 5 million Trump Gold Card, on the lines of a Green Card, that will lead to permanent residency for foreigners, allowing them to live and work in the US. '…I think, the ordinary path of immigration for America is changing. The Trump Card is coming out. I expect the Trump Card will create really an enormous opportunity for people to have the ability to come to America,' Lutnick said in his keynote address at the US-India Strategic Partnership Forum (USISPF) Leadership Summit 2025 here on Monday. Washington, Jun 3 (PTI) Trump Gold Card, a 5 million dollar pathway to permanent residency in the US, will be incredibly successful and well received among Indians who want to and have the means to participate in the American economy, US Commerce Secretary Howard Lutnick has said. Responding to a question on Indian talent in the US against the backdrop of ongoing visa and immigration discussions, Lutnick said the success of Indian entrepreneurs in America, individuals of Indian nationality leading and running so many of the great companies of America 'because they're fantastic entrepreneurs, fantastic business people, smart, thoughtful, educated in every way'. On Trump Gold Card, Lutnick said, 'We are going to be incredibly successful in India. So, when people ask me, 'When are you coming to India?' I'd say, 'When I launch the Trump Card, I promise you I'm coming to India'. He said it is wonderful opportunity for people to be part of two economies and people will be able to come to America, participate in the US. 'Here's the key. You can become like a green card holder, the equivalent of it, it's the Trump Gold Card. You can do it that way and pay global tax, or you can keep everything the way it is and just pay US tax on US assets, and you pay nothing on your global assets and no inheritance tax, and none of that kind of stuff either. 'And that's what we're going to call it an international entrepreneur. That's a special category, and I think, it will be very, very well received amongst the great people of India who want to participate and have the means to participate in America, he said. America wants to bring advanced manufacturing back to the US, Lutnick said. 'That's a key industrial platform for us, to bring back domestic manufacturing and reshoring in America,' he said, adding that there are an enormous number of product categories that 'we are going to be delighted for India to produce'. He said that there will be a trade deal that says certain kinds of industries would be great for India to produce. 'And in fact, there are enormous numbers of industries that we'd really like to go to India. What happens is, you create the sort of trade deal that puts India in a unique position because it will have a special relationship with the United States and certain industries.' 'It will have a better tariff relationship than most other countries in the world, which means India will be the beneficiary of that kind of products,' he said, adding that some will need to be reshored to America but they'll be replaced with incredible opportunity for India, which has one of the most extraordinary economies. On whether he sees opportunities for collaboration between India and the US in areas, such as artificial intelligence, cybersecurity, and emerging tech, Lutnick said, 'Our idea is that we want to embrace our allies and our friends in a way that is much more open than the Biden administration, not even on the same hemisphere'. 'So, we love our allies. We want our allies to participate in the AI revolution with us. And if India is interested, which of course it is, and it wants to build giant data centres and be a part of that model, we are ready, willing and look forward to embracing India as a partner and friend in that path'. PTI YAS BAL BAL This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
NDTV
15 hours ago
- Business
- NDTV
"Going To Have Great Relationship Together": Top Trump Aide On India Ties
Washington: The core population of India has drive and ambition and that's why its economy will always continue to thrive, US Commerce Secretary Howard Lutnick has said, underlining that President Donald Trump deeply admires and respects India and the two countries are going to have a "great relationship together." India has one of the most extraordinary economies, Mr Lutnick said in his keynote address at the eighth edition of the US-India Strategic Partnership Forum (USISPF) Leadership Summit here on Monday. "The key that makes an extraordinary economy is the determination of the people. How much do your people care about being in business? How entrepreneurial are they? How much do they drive to be better for their families?" he said. "From what I know about India, the core population of India has that drive and ambition, and that's why the Indian economy will always continue to grow and thrive because it has that from the underpinning and so you can do things in India that many other countries, you just can't get done." He added that while President Trump thinks 'America first', he does not think 'America only' or 'America exclusively'. "First, he's got to take care of home so we're big and strong, but then he's going to take care of his allies. He's going to make sure he takes care of India, who he deeply, deeply admires and respects and we are going to have a great, great relationship together," Mr Lutnick said. Responding to a question on Indian talent in the US against the backdrop of ongoing visa and immigration discussions, Mr Lutnick said the success of Indian entrepreneurs in America, individuals of Indian nationality leading and running so many of the "great companies" of America "because they're fantastic entrepreneurs, fantastic business people, smart, thoughtful, educated in every way. "But I think the ordinary path of immigration for America is changing. The Trump Card is coming out. I expect the Trump Card will create really an enormous opportunity for people to have the ability to come to America," he said, referring to the USD 5 million 'Trump Gold Card', on the lines of a Green Card, that will fast-track the process for foreigners to live and work in the US. Mr Lutnick said he feels "we are going to be incredibly successful in India. So when people ask me, 'When are you coming to India?' I'd say, 'When I launch the Trump Card, I promise you I'm coming to India'." He said it's a wonderful opportunity for people to be part of two economies - the Indian economy and the American economy, and people will be able to come to America and participate in America. "Here's the key. You can become like a green card holder, the equivalent of it, it's the Trump Gold Card. You can do it that way and pay global tax, or you can keep everything the way it is and just pay US tax on US assets, and you pay nothing on your global assets and no inheritance tax, and none of that kind of stuff either. "And that's what we're going to call it an international entrepreneur. That's a special category, and I think it will be very, very well received amongst the great people of India who want to participate and have the means to participate in America," he said. In response to a question on whether the US will be doing more to help push more manufacturing in India, Mr Lutnick said America wants to bring advanced manufacturing back to the United States. "That's a key industrial platform for us, to bring back domestic manufacturing and reshoring in America," he said, adding that there are an enormous number of product categories that "we are going to be delighted for India to produce." He said that there will be a trade deal that says certain kinds of industries would be great for India to produce. "And in fact, there are enormous numbers of industries that we'd really like to go to India. What happens is, you create the sort of trade deal that puts India in a unique position because it'll have a special relationship with the United States and certain industries. "It will have a better tariff relationship than most other countries in the world, which means India will be the beneficiary of those kind of products," he said, adding that some will need to be reshored to America but they'll be replaced with incredible opportunity for India, which has one of the most extraordinary economies. On whether he sees opportunities for collaboration between India and the US in areas such as artificial intelligence, cybersecurity, and emerging tech, Mr Lutnick said, "Our idea is that we want to embrace our allies and our friends in a way that is much more open than the Biden administration, not even on the same hemisphere. "So we love our allies. We want our allies to participate in the AI revolution with us. And if India is interested, which of course it is, and it wants to build giant data centres and be a part of that model, we are ready, willing and look forward to embracing India as a partner and friend in that path," he said.
