Blackstone looking to invest in consumer finance, healthcare, infra sectors in India
India has all the ingredients to become successful and is a top performing geography for Blackstone’s private equity (PE) business, the group’s president Jonathan Gray said on Friday.
Speaking at the Economic Times Global Business Summit (GBS), Gray said Blackstone was looking at consumer finance, healthcare, infrastructure sectors in India.
“We want to be business builder and community builder in India,” Gray said, adding that Blackstone was looking to accelerate investment in the country in the years ahead.
Gray said the government has by and large managed to rein in inflation and fiscal deficit. Growth, he said, was very healthy, which was leading Blackstone to India.
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.
“Our longer-term perspective of India is: Picture abhi baaki hai,” he said, adding India was a natural destination for the US private equity, alternative asset management and financial services firm.
Performance was the only factor driving growth at Blackstone, he said. “We don’t just invest, we intervene and innovate to help businesses grow.”
India is a natural destination for us, Gray added.
Gray, however, also pointed out that India was lagging behind not only in physical infrastructure, but also in monetary and legal infrastructure. India needed a more cohesive regulatory infrastructure and faster dispute resolution process, he said.
The Blackstone president said that the Narendra Modi government has been doing a lot to clear the hurdles, adding India's infrastructure investment at 10 per cent of GDP was significant, he said.
He said India should allow pension funds to invest beyond liquid assets.
On the US, he said, the world’s largest economy has slowed some bit, but was still robust.
Article Source : economictimes
Up to 15% Returns on Investment
Fixed return investments fully backed by properties.
*15% p.a. paid at the end of the term on capital gain option*
Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.
"FM Logistic plans to strengthen its position in India by delivering on its post GST strategy of focusing on developing multi-client warehouses in the most important Indian Economic Zones," CEO Jean-Christophe Machet said. France-based FM Logistic Friday said it plans...
Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...
Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...
UP TO 15% PER YEAR FIXED RETURN
3 year investment plan, ideal for first-time investors.
Flexible Payment Options
Option to receive interest payments monthly or quarterly.