On track to invest up to US$ 10 billion in India over 3-5 years: Bain Capital's David Gross
- IBEF
- January 29, 2024
Bain Capital, under the leadership of Managing Partner, Asia, Mr. David Gross, is set to significantly amplify its investment in India, aiming to deploy up to US$ 10 billion in the next 3-5 years following a substantial US$ 2 billion investment in the last 12-18 months. Mr. Gross, who pivotally orchestrated major buyouts for Bain Capital, including the US$ 20-billion takeover of Toshiba's memory chip business rebranded as Kioxia, highlights India's opportune moment driven by internal development and sustained structural improvements. He underscores India's allure amid external factors like geopolitical shifts, slowing global growth, and increasing macro complexity in other markets.
Supporting these sentiments, Private Equity (P.E.) at Bain Capital in India Partner Mr. Pavninder Singh emphasizes the current era as optimism and heightened interest in India. Mr. Singh notes that the groundwork laid for digital and physical infrastructure, combined with a stable and consistent government, creates an environment conducive to attracting significant investments. This marks a pivotal period, reflecting moments of global investor focus on India over the last 15 years, with the current optimism poised to endure, according to Mr. Singh. The evolving landscape positions India as a strategic and promising destination for Bain Capital's substantial investment endeavours.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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