Profit

Blackstone investment in International Tractors a play on rising rural incomes

PUBLISHED ON: October 9, 2012 | Duration: 10 min, 31 sec

   
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Blackstone has completed a $100 mn investment in International Tractors this week. Akhil Gupta, senior MD and chairman of Blackstone India, explains that the investment is a play on rising rural incomes in India as it is likely to see a rise over the medium term, thus allowing for greater rural spending.
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