Photo: Financial Express
The foremost investment arm of the Singapore government, Temasaek private Limited, has positively affirmed that India is going to be the next one of their “most active” areas of investments.
India currently stands at around four percent of the Singapore’s investor portfolio.
Thanks to Prime Minister Narendra Modi. Attracting such overwhelming response as far as foreign investments and potential income returns are concerned; the PM has been quite successful in entrusting the investors and getting in the much anticipated money.
“In India, we are seeing the (Prime Minister Narendra) Modi-led government focusing on reviving investor-led growth, we have been very active in India last year, and it was probably one of our most active areas of investment,” said Ravi Lambah, co-head of India, Africa and the Middle East region at Temasaek.
“We have been very active in India last year, and it was probably one of our most active areas of investment,” said Lambah.
We’ve been seeing potential in investing in the country on a long-term perspective. We remain optimistic that India will deliver returns over the long-term,”
“For instance, the ability to connect millions of people who are unbanked (without bank accounts), the government can now go out and award subsidies directly without any leakage.”There are developments that we are watching, and we continue to be positive investors in the long-term,” he said. As quoted in TOI
Tags: india Temasaek
