“There’s a good relationship between the two leaders. There’s a favourable attitude from each country toward the other,” Schwarzman said, adding that India’s leadership has a strong ability to secure agreements. While trade negotiations often bring uncertainty, he believes India is well-positioned for positive outcomes.
Betting Big on Technology and Data Centers
Blackstone is making major investments in India’s technology sector, particularly in data centers. Schwarzman highlighted that Blackstone is the world’s largest developer and owner of data centers, and he expects this industry to see “very substantial growth” in India.
“As artificial intelligence becomes much more widespread, the demand for data centers will surge,” he noted. Additionally, energy transition investments to power these facilities are another key focus area for Blackstone.
India remains Blackstone’s top-performing market worldwide, delivering gross annual returns of around 40%. The firm aims to double its exposure in the country, targeting a total investment of $100 billion in the coming years. Schwarzman remains highly bullish on India’s economic trajectory, citing strong leadership, a dynamic workforce, and a thriving technology sector as key drivers of growth.
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(Edited by : Ajay Vaishnav)
