Jonathan Gray, Blackstone’s president and chief operating officer said at a press briefing, “India is a major part of the anchor of our Asia strategy.” Gray added that Blackstone will also consider investing in Indian infrastructure in the future.
The New York City-based Private Qquity firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets. It is bullish on the South Asian nation due to its faster growth than other large countries and a “government oriented towards growth.”
Blackstone said that it manages assets worth $50 billion in India, including in private equity and real estate. It made over a billion dollars in real estate share sales alone in the past year, according to reports from Reuters.
Amit Dixit, India senior managing director, said that Blackstone also plans to invest more in warehousing and data centers due to a rise in ecommerce transactions as well as India asking technology giants such as Alphabet’s Google to store customer data locally.
