Blackstone's CEO, Stephen Schwarzman, highlighted India as the top-performing market for the U.S. private equity group. Since investing $1 billion in 2005, Blackstone’s operations in India have far exceeded expectations. The firm aims to double its exposure, targeting $100 billion in future investments, and remains the largest foreign company and private equity firm in India. Schwarzman expressed strong optimism about India’s future, citing political stability, regulatory improvements, and a young, tech-savvy population as key drivers of growth. Despite challenges in the past, such as difficulties for foreigners doing business in India, Blackstone adapted by focusing on owning and controlling businesses rather than just holding stakes. The company’s long-term strategy is to build businesses that improve the country’s economic landscape, and Schwarzman reiterated his confidence in India’s future as a prime market for investment.
first published: Mar 12, 2025 05:20 pm
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