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.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
FTA with EFTA nations to come into effect from October 1, says Indian Minister Piyush Goyal
Three die during protests over alleged gangrape of tribal girl in Bangladesh
Cocktail 2: Homi Adajania, Kriti Sanon join Shahid-Rashmika's pool party in Sicily, fresh picture from shoot arrives
Tension flares up in PoK as thousands come out on streets against Shehbaz Sharif govt
