Blackstone plans India facility for portfolio


By Rina Chandran MUMBAI, Aug 30 (Reuters) - The Blackstone Group, a private investment and advisory firm that manages $14 billion globally, is looking to tap India's offshore services sector for its U.S.-based clients, a top official said on Tuesday. New York-based Blackstone, which has 40 U.S.-based portfolio firms, aims to invest $25-$50 million in either a joint venture, an acquisition or to set up a business process outsourcing (BPO) firm, Akhil Gupta, head of its India operations, ...

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