Blackstone explores India investment after $173B data centre bet
Commerce and Industry Minister Piyush Goyal met Blackstone President and COO Jonathan Gray and Chairman of Blackstone’s International Private Equity business Prakash Melwani this week to discuss investment opportunities in India. The meeting follows India’s data centre sector attracting $173 billion in investments since 2021, per CBRE, and a $25 billion government commitment to deep-tech startups.
The discussion could reflect broader trends in India’s investment landscape. Earlier this month, private investment in AI had reportedly tripled, positioning the country as a top 10 emerging market for AI readiness. Whether such developments influence private equity activity remains to be seen.
The meeting occurs amid ongoing discussions about India’s approach to AI regulation, which has emphasized local priorities.
No formal commitments have emerged from the Blackstone meeting. Observers will watch whether the firm’s interest leads to further engagement or remains preliminary.
Sources: yourstory.com
“A meeting between India’s Commerce Minister and Blackstone executives may indicate growing interest in the country’s infrastructure and tech sectors.”
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