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

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..