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)

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..