Singaporean funding agency, Temasek, is betting massive on India. It has earmarked $10 billion funding in India by 2026-27, out of which $6 billion has already been deployed. Temasek can also be assured in assembly its funding targets, due to India’s sturdy home consumption and resilience to geopolitical shifts.
Vishesh Shrivastav, MD of Temasek’s advised Instances of India that India is “pretty shielded in opposition to world geopolitical shifts and macro uncertainties on the again of strong home consumption”. This raises the prospects for the buyers in India, he stated.
One of many greatest dangers that the agency is going through is geopolitics, stated Shrivastav. The agency that’s specializing in digitisation, consumption, rising lifespan (healthcare), and sustainable dwelling (EV) desires to construct a strong and resilient portfolio that’s much less impacted by shares and the place the vary of outcomes is slender.
“India is considerably distinctive within the sense that it is an economic system with few dependencies on the exterior world. It is principally a home economic system, and our portfolio displays that,” he advised the day by day.
India accounts for 8 per cent of Temasek’s portfolio with investments in Axis Financial institution, Haldiram’s, Everlasting (previously Zomato), Lenskart and so forth.
Not solely the resilience to geopolitical shifts, India additionally has a market with younger, aspirational shoppers and good macros.
Shrivastav stated that the ebay corporations they’ve invested in preserve compounding over a few years and there’s no cause to exit them simply because the fund life is over. “We invested in Zomato when it was a really small firm, and it was one in every of our greatest performers,” Shrivastav stated.
