india

Blackstone CEO Stephen Schwarzman expresses strong optimism on India's data centre growth

Stephen Schwarzman, CEO of Blackstone, expressed strong optimism about India's data centre industry during his recent visit to Mumbai, calling it a high-growth segment with substantial potential. He emphasized that India’s data centre market is still in its early stages and is expected to see significant expansion. According to ICRA, India’s operational data centre capacity will grow to 2,000-2,100 MW by 2027, requiring investments of Rs 40,000-45,000 crore over FY25 and FY26. Blackstone is focusing on energy transition investments to power these data centres. Schwarzman also highlighted the rapid global adoption of artificial intelligence (AI) as a major growth driver for the sector. Blackstone plans to double its investment exposure in India to $100 billion, with a strong commitment to building businesses that enhance India’s development. He reaffirmed Blackstone’s confidence in India, describing the country as a promising market for alternative investments and expressing a bullish outlook for its future.

first published: Mar 12, 2025 06:35 pm