Big boost to India Inc! Blackstone plans to invest $2 billion per year in India | These sectors may benefit

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New Delhi: Private equity giant Blackstone has decided to invest a whopping $2 billion annually in India, said Jonathan D Gray, COO at Blackstone Group. The PE firm is eyeing India’s corporate space for mergers and acquisitions and has proposed measures that can enhance the ease of doing business in India. The US-based PE firm has been present in India for 20 years now. The company has heavily invested in India’s real estate sector, making it India’s biggest landlord.

As of date, Blackstone has made net investments worth $30 billion in India. The PE group is eyeing $25 billion additional value for its assets in India. This includes $17 billion in fresh investments, said senior managing Blackstone senior MD Amit Dixit.

Blackstone Group suggestions for ease of doing business

Blackstone Group has made the following suggestions for ease of doing business in India:

Quick apporval for M&A
Ease of privatisation for listed companies
Better dispute resolution mechanism
Gray appreciated the goods and services tax and Insolvency and Bankruptcy Code reforms undertaken by the Indian government.

Which sectors are likely to see investment by Blackstone in India?

Going forward, the company is eyeing investments in the following sectors:

Real estate
Data centres
Value-added exports
Energy transition
Financial services

Who owns Blackstone?

Blackstone Group was founded by Stephen Schwarzman and Peter Peterson in 1985. The company is the world’s largest alternative asset manager with assets under management worth $1 trillion.

Mukesh Ambani-led Jio Financial Services announced a joint venture with Blackstone rival BlackRock to launch a financial services platform in India last year. BlackRock, which separated from Blackstone in 1988, is now the world’s largest asset manager with AUM worth $10 trillion.

Blackstone backs three Real Estate Investment Trusts in India. The comoany is reportedly eyeing the floating of a commercial REIT in the current financial year with an estimated portfolio of 40 million sq ft.

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