Temasek Holdings to invest $10 billion in India in 3 years

Cashing in on the rising opportunities in consumer retail, health care, and environment-friendly businesses, Singapore’s state-owned investor Temasek Holdings plans to invest $9-10 billion in India over the next three years. Ravi Lambah, the firm’s India head said that Temasek feels opportunities in India are well aligned with its investment themes. Temasek has invested 6 per cent of its $287 billion net portfolio value in India.

“With the highest GDP (gross domestic product) growth globally, combined with a conducive fiscal and monetary policy framework, we are looking to invest $9-10 billion over the next three years in India, subject to finding the right opportunities,” Lambah, along with two of his colleagues, told a news daily in an interview. 

The Managing Director, Investment (India), Vishesh Shrivastav highlights that the company invests $1 billion a year in India on an average but for FY 24 it has already surpassed the target. It has invested $2 billion in the Manipal group. 

Earlier, Temasek invested in several Indian firms including Zomato, Tata Play, and Ola, now it is focusing on investing in climate-aligned opportunities such as renewable energy and companies engaged in decarbonisation efforts. 

The firm also plans to sell its 20 per cent stake in Tata Play via an initial public offering, planned by the Tata company, or sell it back to Tata Sons, which owns a majority stake.