“We are going to be incredibly successful in India,” the US Commerce Secretary said.
Washington: 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, calling it a "wonderful opportunity" for Indian entrepreneurs and investors to link two powerful economies.
Speaking 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 premium.
“I 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.”
He 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.”
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.
