Blackstone is planning to funnel future infrastructure investments into India, one of the investment giant’s best-performing markets, according to Reuters.
Blackstone said it is bullish on the South Asian nation due to its faster growth than other large countries. The firm plans to invest more in data centers and warehousing, in light of a rise in ecommerce deals and the push for Indian technology giants to store customer data locally.
“India is a major part of the anchor of our Asia strategy,” said Jonathan Gray, president and COO at Blackstone, said at a press briefing. “Japan and Australia follow that.”
Blackstone manages $50 billion of assets in India, and has made more than $1 billion in real estate share sales alone in the past year.