Blackstone believes in India blockbuster, to invest over $2 billion in India over the next 5-6 years

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http://economictimes.indiatimes.com...r-the-next-5-6-years/articleshow/49680194.cms

MUMBAI: Private equity company Blackstone could invest over $2 billion in India over the next 5-6 years, a further affirmation of the optimism of most foreign investors about the prospects of Asia's third-largest economy. The investments will be from its recently raised $23 billion fund, two top officials of the Blackstone Group said in an exclusive interview with ET. "Our developing markets strategy encompasses India, China and to some extent Australia. India is our largest destination for cacapital (among emerging markets) and will continue to be so but it may even outweigh relative to what we have invested in the last 5-6 years," Joseph Baratta, global head of PE at Blackstone Group, said.


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