Singapore’s Temasek has unveiled plans to plough $10 billion into India over the next three years, targeting investments in sectors including healthcare and financial services as it seeks to benefit from surging global interest in the world’s fastest-growing big economy.
Mohit Bhandari, managing director for India investments at the S$389 billion ($289.8 billion) state-owned fund, was reported as saying the firm is “bullish in India for the long-term”.
According to its latest accounts, India accounted for 7% of the fund’s global exposure at the end of March 2024, up from 6% the previous year.
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