BENGALURU, March 28 (Reuters) - Private equity firm
Blackstone will invest an additional $25 billion in
private equity assets in India over the next five years, its
Asia executive told Bloomberg News in an interview.
Blackstone already manages assets, ranging from warehouses
and data centres to healthcare firms, worth $50 billion in the
South Asian country.
The New York-based firm will hire 20 investment
professionals in the country and double its office space in
Mumbai, Blackstone's head of private equity in Asia, Amit Dixit,
told the publication.
With its booming equities market, India has emerged as an
attractive destination for investors across the world as they
reduce their exposure to China, where hopes of a recovery remain
clouded.
Blackstone's president, Jonathan Gray, had said last year
that India is its top Asian market and one of its
best-performing geographies.
Dixit told Bloomberg that Blackstone is exploring
opportunities across a wide range of sectors, from data centers
to infrastructure projects like airports, roads, and ports and
India's nascent electronic manufacturing sector.
Blackstone did not immediately respond to a Reuters request
for comment.