Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

We Will Invest US$ 40 Billion In India: Blackstone Chairman Schwarzman

With the aim to boost the Indian economy, PM Modi invited all these big companies to invest in India. Talking about Blackstone's experience in India, Schwarzman said that India has been the best market for investment in the entire world.

Photo Credit : ANI

1632466790_wSR6JD_E_xKJ_VEAAQLBr.jpg

Stephen Schwarzman, Blackstone Chairman, CEO, and Co-Founder, after his meeting with PM Modi in the United States, said the global investment giant is planning to invest US$ 40 billion in India over the next five years.

Schwarzman said, "I had a very good meeting with the Prime Minister. I told him that Blackstone had already invested 60 billion US dollars in assets in India and within the next five years we are planning another 40 billion dollars of assets." 

PM Modi on Thursday held one-on-one meetings with CEOs of Qualcomm, First Solar, General Atomics, Adobe, and Blackstone.

During his meeting, PM Modi focused on the economic opportunities India provided and also emphasized the reforms undertaken by the government of India. 

With the aim to boost the Indian economy, PM Modi invited all these big companies to invest in India. Talking about Blackstone's experience in India, Schwarzman said that India has been the best market for investment in the entire world.

Prime Minister Narendra Modi landed in Washington DC earlier today. At the airport, he also met the people from the Indian diaspora living in America. 

Modi also met the US Vice President Kamala Harris. He described India and America as "natural partners" as he held the first in-person meeting with Vice President Kamala Harris at the White House during which they decided to further cement the Indo-US strategic partnership and discussed global issues of common interest, including threats to democracy, Afghanistan and the Indo-Pacific.


(With agencies input)


Tags assigned to this article:
PM Modi india blackstone stephen schwarzman