Singapore’s state investment arm Temasek, which has seen its India portfolio grow to $11 billion, is looking to deploy more capital in India, even as the firm has slowed down investments globally, a senior company executive said.
The investment firm’s India portfolio stood at $11 billion as on 31 March 2019, compared to nearly $10 billion a year ago. “It is our intent to deploy more capital in India. We would like to increase our exposure. The billion dollar a year that we have been putting for the last five years has been great. But if we can do more, we would want to do more,” Ravi Lambah, head of India and global head of telecom, media and technology at Temasek, said in Mumbai on Thursday.