Singapore state investor works on capturing opportunities
India remains an important long-term market for Singapore global investor Temasek Holdings, despite the near-term pressures, the Singapore state-owned global investor says in its latest financial briefing.
“India has done very well for us, although the last year has been challenging because of exchange rate volatility,” said Temasek chief executive officer Dilhan Pillay Sandrasegara said on 8 July at Temasek’s latest financial performance briefing.
“While near-term equity volatility and energy-related pressures may persist, we are constructive on the country’s structural growth outlook – supported by its large consumer market, infrastructure development, and growing middle class,” added executives at the group.
Temasek focus is on capturing opportunities in sectors such as consumer, financial services, and healthcare, where underlying structural growth trends remain strong in India, they said.
More than 40 per cent of Temasek’s portfolio is made up of Singapore-based companies including DBS, Singtel and Singapore Airlines – all three of which have strong interests in India. DBS has a wholly-owned subsidiary bank based in Mumbai, Singapore Airlines is working through a partnership with Tata Group in re-building Air India and Singtel has links with telecommunication sector including Bharti Airtel.
Key divestments by Temasek included the sale of Schneider Electric India.
Amid global uncertainties arising from the Iran war, the 2026 growth was slower than the 11.9 per cent increase from 2024 to 2025. Its net portfolio value last year was SGD469 billion on a mark-to-market basis. Comparatively, Temasek’s net portfolio value increased by 10.5 per cent from a year ago to hit SGD518 billion as of Mar 31 this year. fiinews.com
