With the economy growing at a scorching pace, foreign private equity players are smitten with India. There is a surge in growth capital coming into the country.
The most recent notable inflow is from CVC International, Citigroup’s venture capital arm, which has raised $1.7 billion globally. From that $500 million is purported to come India’s way.
Another player is the top U.S. based private equity firm Blackstone Group, which plans to invest $1 billion in India. Akhil Gupta, former Chief Corporate Executive, Reliance Infocomm has been named Chairman of Blackstone India. Blackstone manages private equity investment of over $14 billion worldwide.