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

Singapore’s state-owned investor, Temasek Holdings, plans to invest $9-10 billion in India over the next three years to tap growing opportunities in consumer retail, healthcare and green businesses, Ravi Lamba (pictured), company president, investment group, And the President of India, he said.

Temasek, which has invested 6 percent of its $287 billion portfolio net worth in India, feels the opportunities in India align well with its investment themes.

“With the world’s highest GDP (Gross Domestic Product) growth, as well as an adequate fiscal and monetary policy framework, we look forward to investing US$9-10 billion over the next three years in India, subject to finding the right opportunities,” Lamba, With two colleagues, he told Business Standard in an interview in Mumbai.

Vishesh Shrivastav, Managing Director Investments (India), said the company invests an average of $1 billion annually in India, but has already exceeded the target in FY24 by a large margin – thanks to its $2 billion investment in Manipal Group.

Temasek, an early investor in several Indian companies including Zomato, Tata Play and Ola, plans to invest in climate-friendly opportunities such as renewable energy and companies involved in decarbonization efforts.

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