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.
That number is expected to rise sharply in the years ahead.
Access this research
Enter your work email address to sign in or check whether your organisation already has access to Euromoney.
