Founder Henry Kravis: KKR Plans to Invest Next $10 Billion in India at an Accelerated Pace, Impressed by Government Actions
- ByStartupStory | January 16, 2024
KKR & Co., one of the world’s largest private equity firms, is gearing up to invest an additional $10 billion in India, as stated by Henry Kravis, one of the firm’s founders. In an interview with ET, Kravis praised India’s economic development and underscored the country’s potential for growth. He emphasized that India holds a high priority for KKR, serving as the cornerstone for their investments in the Asia-Pacific region.
Kravis highlighted KKR’s plans to capitalize on India’s expanding economy by adopting a more aggressive investment approach. The firm, which has recently focused on infrastructure investments, intends to further expand its credit business and explore opportunities in real estate. Kravis reaffirmed KKR’s commitment to growth equity and private equity sectors, indicating a sustained focus on these areas.
Speaking about India’s infrastructure development, Kravis commended the government’s efforts and its pro-business stance. He specifically praised the government’s initiatives in simplifying bureaucracy and implementing the Goods and Services Tax (GST), which has significantly enhanced the country’s productivity. Kravis also expressed confidence in India’s equity markets, noting that despite some companies trading at high multiples, their earnings potential remains promising.
Having visited India regularly since 1989, Kravis noted a positive trend in the country’s infrastructure and business environment. He emphasized the government’s pro-business and pro-growth approach, particularly under the leadership of Prime Minister Narendra Modi. Kravis expressed optimism about the ongoing engagement with India, stating that there are no plans for a passive approach in the initial six months, with active pursuit of existing opportunities being the priority.
Kravis concluded by reaffirming India’s importance as a key market for KKR, citing the country’s economic growth, improving infrastructure, and favorable government policies as factors that continue to attract foreign investment.
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