Temasek invests $1.5 billion in India in Apr-Jun, looks to further raise exposure
Ravi Lambah, joint head, India, at Temasek. Photo: Bloomberg
3 min read.Updated: 12 Jul 2018, 11:40 PM IST
Swaraj Singh Dhanjal,
Malvika Joshi
Temasek's India portfolio stands at around $10 billion, with an average yearly investment of $1 billion in the last five years
Mumbai: Singapore’s Temasek has invested $1.5 billion in India in the first three months of the latest financial year, and is expected to further increase its exposure to the country, senior executives at the global investment firm said.
For Temasek, which recorded a net portfolio value of $235 billion for the year ended 31 March, the India portfolio stands at around $10 billion, with an average yearly investment of $1 billion in the last five years.
“We do not allocate by geography or sector. If we find more deals which meet our returns threshold, then we would invest more. We have a positive bias and we want to grow our portfolio here and we have certain focus areas where we want to put the capital to work," Ravi Lambah, head - telecom, media and technology and joint head, India at Temasek, said in an interview.