KKR Plans to Invest Next $10 Billion in India

By siliconindia  |  Tuesday, 16 January 2024, 14:33 IST

KKR Plans to Invest Next $10 Billion in India
Henry Kravis, a Co-Founder of KKR & Co., a prominent global private equity firm, has announced plans to inject an extra $10 billion into India. Kravis commended India's economic progress and highlighted its substantial growth potential. Stressing India's significance, he affirmed that it stands as a focal point for KKR's investments in the Asia-Pacific region.
Kravis highlighted KKR's strategic shift towards a more assertive investment strategy to capitalize on India's growing economy. The firm, which has recently concentrated on investments in infrastructure, aims to expand its credit business and explore prospects in real estate. Kravis reiterated KKR's dedication to the growth equity and private equity sectors, signaling a sustained emphasis on these domains.
Discussing India's infrastructure progress, Kravis praised the government's pro-business stance and efforts, particularly applauding initiatives such as streamlining the bureaucracy and implementing the Goods and Services Tax (GST), which has notably boosted the country's productivity. Kravis also expressed confidence in India's equity markets, recognizing the potential for promising earnings despite some companies trading at high multiples.
With a history of regular visits to India since 1989, Kravis observed a positive trajectory in the country's infrastructure and business landscape. He underscored the government's pro-business and pro-growth policies, especially under Prime Minister Narendra Modi's leadership. Kravis conveyed optimism about continued engagement with India, stating that the initial six months would prioritize active pursuit of existing opportunities, ruling out any plans for a passive approach.

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