PM Modi meets Blackstone Schwarzman CEO and discusses India’s investment potential
Investment opportunities in India, including those under the National Infrastructure Pipeline and the National Monetization Pipeline, have been discussed with Prime Minister Narendra Modi, the Foreign Ministry said.
File image of Blackstone Group president, CEO and co-founder Stephen Schwarzman. Wikimedia Commons
Washington: Prime Minister Narendra Modi met with Blackstone Group Chairman and CEO Stephen Schwarzman on Thursday and discussed promising investment opportunities in India, including those of the National Infrastructure Pipeline and the National Monetization Pipeline.
Schwarzman briefed the Prime Minister on the ongoing plans of the New York-based alternative investment management firm in India and its interest in further investments in the infrastructure and real estate sectors.
“It was a pleasure to meet Mr. Stephen Schwarzman, CEO of @blackstone. His business success and intellectual prowess are admirable. We talked about India’s investment potential and why our country is one most attractive destinations in the world for investments, ”Modi tweeted. .
Promising investment opportunities in India, including those of the National Infrastructure Pipeline and the National Monetization Pipeline, were discussed, the Foreign Ministry said in a statement.
Modi, who arrived here on Wednesday for an official visit to the United States during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, had one-on-one meetings with CEOs of Qualcomm, Adobe, First Solar, General Atomics, and Blackstone here.
During the meeting, the Prime Minister said that there is a wide scope for further expansion of Blackstone’s partnership in India and elaborated on the reforms carried out in India. He specifically spoke about asset monetization and Bad Bank, according to sources.
In March of this year, Blackstone announced that funds managed by Blackstone Real Estate had acquired Embassy Industrial Parks from Warburg Pincus and Embassy Group, in one of the largest logistics transactions in India.
Schwarzman – the chairman, CEO and co-founder of the Blackstone Group, one of the world’s leading investment firms investing capital on behalf of pension funds, large institutions and individuals – said India was the best business investment market in the world.
Appreciating the reforms undertaken by India, Schwarzman said he was very optimistic about India’s potential and added that it is one of the fastest growing countries in the world.
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