Blackstone Inc’s CEO Stephen Schwarzman stated that India is the company’s top investment market globally. He expressed confidence in the country and the potential for further investment, emphasizing that there is no set limit on the amount of assets allocated to India. The company aims to double its exposure in India to $100 billion in the coming years, reflecting its commitment to the market.
With over $1 trillion in global assets, Blackstone is currently raising funds for an Asia-focused private equity fund, with a significant portion earmarked for investments in India. Additionally, the company is looking to launch an infrastructure fund for investments in digital infrastructure, energy transition, and transportation projects in India.
Schwarzman also touched on the potential impact of US tariffs on India, noting the positive outlook for trade negotiations between the two countries. He highlighted India’s favorable position and recent tariff adjustments made by the government.
In terms of expanding into new areas, Blackstone is considering entering the private credit space in India. With a substantial credit business globally, the company sees potential in bringing this expertise to India in the future. Overall, Schwarzman conveyed optimism about Blackstone’s growth and investment opportunities in India.
