Global firms, pensions and sovereign wealth funds are deploying billions of dollars in the world’s most populous nation. While there are many hurdles to overcome in a country with so many people in poverty, the opportunity for growth is plain to see. Blackstone already has about US$50 billion of private equity and real estate assets in India, and the country generates the highest PE returns for the firm, its president said at an event last year.
Dixit said Blackstone will be building a portfolio based on three themes: digital infrastructure such as data centres, energy transition including renewables, and key areas of transport like airports, roads and ports. Blackstone also will look to invest in export sectors and in electronic manufacturing, which is a newer area for Indian industry.
The firm has already invested in information-technology services, electric-vehicle components, financial services, hospital chains and other areas before making exits.
Source: The Business Times
