https://www.businesstimes.com.sg/singapore/temasek-aims-invest-us12-billion-india-china-weighs
India’s economy is growing sharply and its stock markets are trading near record highs amid an IPO and dealmaking boom. India accounts for 7 per cent of Temasek’s global exposure which it wants to increase further, said Mohit Bhandari, the company’s managing director for India investments.
Temasek had plans a year ago to invest around US$9 billion to US$10 billion in India over three years, but it is increasing that goal to US$10 billion to US$12 billion given the overall economic growth outlook, he added.
“We are bullish in India for the long term,” Bhandari said in an interview at Temasek’s Mumbai office.
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Temasek aims to invest up to US$12 billion in India as China weighs
SINGAPORE state investor Temasek plans to invest up to US$12 billion in India over three years in sectors such as financial services and healthcare, a top executive said on Monday (Jul 15), favouring the South Asian nation as it turns cautious on China.India’s economy is growing sharply and its stock markets are trading near record highs amid an IPO and dealmaking boom. India accounts for 7 per cent of Temasek’s global exposure which it wants to increase further, said Mohit Bhandari, the company’s managing director for India investments.
Temasek had plans a year ago to invest around US$9 billion to US$10 billion in India over three years, but it is increasing that goal to US$10 billion to US$12 billion given the overall economic growth outlook, he added.
“We are bullish in India for the long term,” Bhandari said in an interview at Temasek’s Mumbai office.
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