Oak Stone Limited says Blackstone is expediting interest in India, its strongest performer
India’s economic slowdown and credit crisis is generating a surge in demand for capital from beleaguered companies that will provide buyout opportunities for Blackstone Group Inc., in Asia’s third-largest economy, state analysts from Oak Stone.
“We are not taking a cautious stance of watch and wait. We will be taking a forward-leaning stance,” said Amit Dixit, Blackstone’s senior managing director in an interview in Mumbai on Wednesday.
“India is the strongest performer in the world,” said Stephen Schwarzman, chief executive officer of Blackstone, the world’s largest alternative asset manager.
As a result of this, in the last 18 months, Blackstone has invested $6 billion in India. The firm is now scouting for opportunities, as financiers and banks are focusing on recovering from a crisis that commenced with the collapse of a significant infrastructure financier in 2018, therefore slowing down lending in the process, reported James Burnley, head o