Mumbai: Private equity giant black Stonewhich manages nearly $1 trillion in assets globally and is India’s largest private equity investor, has maintained his views on the country. Adani Group are prompting their investors to ask questions about their exposure here.
blackstone watches market volatility As an opportunity because it has a large pool of discretionary capital. “It will not be a hindrance to what is going on in India in the long run. When these things happen, it raises the standard for everyone and forces people to work to a certain standard. Over time, India will continue to make progress in this area,” said Blackstone President and Chief Operating Officer Jonathan Gray He told the media during his visit here.
On whether Blackstone saw an opportunity as a result of troubled businesses looking for investment, Gray said, “If opportunities arise, and our capital can be helpful in any situation around the world, we’ve been able to do that, but Nothing special here.”
Blackstone is one of the largest global investors with $50 billion in India, of which $20 billion is in real estate, including commercial, retail, storage and data centers. India is the group’s second largest investment destination outside the US after the UK.
According to Gray, in the current environment, Blackstone’s Appearance Will be beneficial for Indian markets. “We can be very helpful because the way we run our companies is incredibly professional, transparent and in line with the highest standards of corporate governance,” he said.
“We believe in growth here, and feel that the trends that are in place are still very good. I think one constraint will be that some technology-oriented companies will be a little more cautious about their expansion this year. But I see that as a short-term phenomenon, and the longer-term megatrends for growth are still intact,” Gray said.
On opportunities in India, Gray said he would like to reiterate his statement made at the ET Global Business Summit in 2019, where he summed up India’s opportunity as “the picture is yet to come”.
The near-term challenges, according to Gray, stem from over-valuation and over-hiring that got out of hand. Nevertheless, the megatrend of innovation and use of technology in businesses will continue. “So for the next year or two, they may take up a little less space in our parks in Bangalore, Hyderabad and Pune. But over time, there will be a demand for these types of services in the technology-related sector.
Gray said he saw an opportunity in infrastructure in India and the first step would probably be in energy infrastructure.
blackstone watches market volatility As an opportunity because it has a large pool of discretionary capital. “It will not be a hindrance to what is going on in India in the long run. When these things happen, it raises the standard for everyone and forces people to work to a certain standard. Over time, India will continue to make progress in this area,” said Blackstone President and Chief Operating Officer Jonathan Gray He told the media during his visit here.
On whether Blackstone saw an opportunity as a result of troubled businesses looking for investment, Gray said, “If opportunities arise, and our capital can be helpful in any situation around the world, we’ve been able to do that, but Nothing special here.”
Blackstone is one of the largest global investors with $50 billion in India, of which $20 billion is in real estate, including commercial, retail, storage and data centers. India is the group’s second largest investment destination outside the US after the UK.
According to Gray, in the current environment, Blackstone’s Appearance Will be beneficial for Indian markets. “We can be very helpful because the way we run our companies is incredibly professional, transparent and in line with the highest standards of corporate governance,” he said.
“We believe in growth here, and feel that the trends that are in place are still very good. I think one constraint will be that some technology-oriented companies will be a little more cautious about their expansion this year. But I see that as a short-term phenomenon, and the longer-term megatrends for growth are still intact,” Gray said.
On opportunities in India, Gray said he would like to reiterate his statement made at the ET Global Business Summit in 2019, where he summed up India’s opportunity as “the picture is yet to come”.
The near-term challenges, according to Gray, stem from over-valuation and over-hiring that got out of hand. Nevertheless, the megatrend of innovation and use of technology in businesses will continue. “So for the next year or two, they may take up a little less space in our parks in Bangalore, Hyderabad and Pune. But over time, there will be a demand for these types of services in the technology-related sector.
Gray said he saw an opportunity in infrastructure in India and the first step would probably be in energy infrastructure.