Temasek widens India bets as portfolio swells to $42 billion
New Delhi, July 22 -- Singapore's Temasek is widening its India investment strategy beyond its traditional focus on consumer, healthcare and financial services, as its exposure to the country has more than quadrupled to $42 billion over the past decade.
The sovereign wealth fund is building expertise in sectors such as industrials, infrastructure and newer areas including space-tech, while positioning artificial intelligence (AI) as an enabler across its portfolio rather than a standalone investment theme.
"While consumer, healthcare and financial services remain the bulk of our portfolio today, we are also trying to build our expertise in industrials and newer sub-sectors like space-tech," Vishesh Shrivastav, managing director at Temas...
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