Apax Partners remains bullish on India, focuses on consumer and technology investments
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Apax Partners remains bullish on India, focusing on consumer and technology investments despite current economic challenges.
- ✓Co-CEO Mitch Truwit said, “I see opportunity.
- ✓We're longer-term investors.” The firm has invested in Indian businesses for 20 years, generating $10 billion in value, and plans to keep backing sectors that show strong growth.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Global private equity firm Apax Partners sees investment opportunities in India's consumer and technology sectors despite slower economic growth and high valuations.
Mitch Truwit, Co-CEO of Apax Partners, said slower GDP growth, inflation and taxation concerns have made India less attractive to some investors in the near term. However, he remains optimistic about the country's long-term prospects.
“I see opportunity. We're longer-term investors,” Truwit said, adding that India's growth potential remains difficult to ignore.
The comments come at a time when foreign portfolio investors have withdrawn significant amounts of money from Indian equities, raising concerns about the country's appeal to global capital.
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CNBC TV18
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