Temasek to Invest $9-10 Billion in India Over Next 3 Years

18 Jul 2023 CW Team

Temasek Holdings, Singapore's state-owned investor, plans to invest $9-10 billion in India over the next three years to capitalize on rising opportunities in consumer retail, health care, and environmentally friendly businesses, according to Ravi Lambah (pictured), the firm's head, investment group, and head, India.

Temasek, which has invested 6% of its $287 billion net portfolio value in India, believes the country's potential are well linked with its investing themes.

“With the highest GDP (gross domestic product) growth globally, combined with a conducive fiscal and monetary policy framework, we are looking to invest $9-10 billion over the next three years in India, subject to finding the right opportunities,” said Lambah, along with two of his colleagues.

According to Vishesh Shrivastav, managing director, investment (India), the firm invests $1 billion in India on average each year, but it has already exceeded that aim by a large margin in FY24, thanks to its $2 billion investment in the Manipal group.

Temasek, an early investor in various Indian companies such as Zomato, Tata Play, and Ola, intends to invest in climate-aligned possibilities such as renewable energy and companies engaged in decarbonization activities.

The company also intends to sell its 20% investment in Tata Play through an initial public offering or sell it back to Tata Sons, which controls the majority holding.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..