Temasek forecasts robust growth for India over next two years

10 Jul 2024 CW Team

Temasek, a prominent Singapore investor, anticipates India's economy will maintain strong momentum over the next two years, buoyed by significant infrastructure investments and a rebound in private consumption. The company reported a SGD 7 billion increase in its Net Portfolio Value (NPV) to SGD 389 billion for the fiscal year ending March 31, 2024, largely driven by gains from investments in the United States and India.

Highlighting India's economic resilience amid improving macroeconomic and political stability, Temasek emphasised expectations for sustained growth.

They underscored infrastructure-driven capital expenditure, accelerated diversification in supply chains, and a resurgence in private spending as key drivers of this anticipated economic strength.

Temasek's investment strategy remains cautiously optimistic amidst global economic uncertainties, with SGD 26 billion deployed across technology, financial services, sustainability, consumer goods, and healthcare sectors.

Their strategic focus aligns with digitisation, sustainable living, evolving consumption patterns, and increasing life spans globally. While Temasek scaled up investments in Japan and Europe, excluding Singapore, the United States continued to be the primary destination for their capital, followed closely by India.

The year also saw significant divestments amounting to SGD 33 billion, including redemptions by entities like Singapore Airlines and Pavilion Energy. Temasek's net divestment for the year was SGD 7 billion, marking a strategic balance in their portfolio management approach.

(Source: ET)

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..