Blackstone To Invest $3bn Into India

By admin • August 18th, 2010

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Blackstone Group L.P. is set to double its India investments to $2 billion-$3 billion over the next five years.The investments are likely to be focused on the infrastructure the consumer sectors, whilst $1billion may to towards power generation.

Over the last five years, the firm has invested $1.25billion into 12 companies in various sectors in India. Chairman and managing director of Blackstone Advisors India Pvt, Akhil Gupta said “We are looking at two dominant themes: infrastructure, which includes ports, power and roads, and domestic consumption, like media, retail”.

Blackstone had also announced that it has invested $300 million and now has a strategic minority stake in Moser-Baer Projects Pvt. Ltd. This investment is aimed at setting up a power generation capacity of 5,000 megawatts by 2016.

With the Indian economy being one of the fastest growing emerging economies, and able to become the fastest growing economy worldwide, India needs large investments into both power and infrastructure to help maintain and drive growth. With demand exceeding supply for power, the country is planning to boost power generation capacity by 75% by 2017 in order to reduce blackouts and drive economic growth.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

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