Temasek
Singapore's Temasek plans to invest $10 billion in India during the next three years
Global investment company Temasek, which is headquartered in Singapore, might be investing $10 billion in India during the next three years.
The investment will take the company's total India exposure to $47 billion.
“Our total mark-to-market India exposure, including our indirect exposure in Airtel through Singtel, is $37 billion, as of March end. We see the potential to deploy an additional $10 billion in the next three years, subject to finding the right opportunities,” Ravi Lambah, Temasek's head of India and strategic initiatives, told Business Standard.
“This figure excludes what our subsidiaries will invest in India as they are also investing in the country,” he said.
Temasek, he said, has been investing in India for the last 20 years, across market cycles and building a deep understanding of the market.
“Our India exposure makes up 7 per cent of our global portfolio by underlying assets, up from 4 per cent in 2020. Over the last decade, India has been Temasek's best-performing market globally,” Lambah told the Indian news paper.
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