India's Investment Future: Blackstone's Bold Moves Amid US Tariffs

Blackstone chairman Stephen A Schwarzman praises India's economic resilience against US tariffs while announcing the expansion of infra investing and credit businesses. With over USD 50 billion in Indian exposure, Blackstone plans investments in ports, airports, and roads, emphasizing India's macroeconomic strengths and growth potential.

Stephen A Schwarzman, chairman of Blackstone, reassured India's economic position amidst US tariff impacts by confirming new infra investing and credit ventures. Blackstone, a major private equity player with over USD 50 billion exposure in India, aims to focus on ports, airports, and road investments, capitalizing on India's robust economic environment.

Despite recent US tariffs, Schwarzman highlighted that India is well-positioned to address these challenges as it pursues a favorable trade agreement with the US. Recent economic slowdowns were downplayed as India's growth remains among the world's highest, offering a promising landscape for future investments.

Amit Dixit, Blackstone's Asia head, mentioned a focus on performing corporate credit, assisting entities in acquisitions and stake purchases where traditional banks fall short. None specified a timeline for the ventures but underscored continuous optimism about India's long-term potential in the private equity sector.

(With inputs from agencies.)