Temasek aims to invest up to US$10 billion in India as China weighs

MUMBAI: Singapore instruct investor Temasek plans to take a position as much as US$10 billion in India over three years in sectors similar to financial services and products and healthcare, a high government said on Monday (Jul 15), favouring the South Asian nation as it turns cautious on China.

India’s economy is increasing sharply and its stock markets are procuring and selling advance file highs amid an IPO and dealmaking affirm. India accounts for 7 per cent of Temasek’s world publicity which it wishes to do greater extra, said Mohit Bhandari, the corporate’s managing director for India investments.

“We’re bullish in India for the very long time length,” Bhandari said in an interview at Temasek’s Mumbai situation of commercial.

“We’re cognizant of the most neatly-liked economic and the geopolitical tensions that exist (in China) and to that extent, we are in a position to align our portfolio accordingly,” he added.