Temasek Holdings Sets Sights on $10 Billion Investment in India

• ByStartupStory     |    July 19, 2023

Singapore’s state-owned investor, Temasek Holdings, is planning a significant investment of $9-10 billion in India over the next three years. The investment aims to capitalize on the growing opportunities in consumer retail, healthcare, and environment-friendly businesses in the country.

Ravi Lambah, the head of Temasek’s Investment Group and Head of India, highlighted India’s attractive investment landscape, stating, “With the highest GDP 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.”

Vishesh Shrivastav, Managing Director of Investment (India), revealed that the firm typically invests around $1 billion annually in India, but for FY24, it has already surpassed this target, thanks to its $2 billion investment in the Manipal group.

Temasek has a history of early investments in Indian companies, including Zomato, Tata Play, and Ola. The company now plans to focus on climate-aligned opportunities, particularly in the renewable energy sector and businesses engaged in decarbonization efforts.

Additionally, there are plans to sell Temasek’s 20% stake in Tata Play through an initial public offering (IPO) by the Tata company or sell it back to Tata Sons, which holds a majority stake.

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