Temasek Holdings plans to invest about USD 10 billion in India in the next three years, pegging its total India exposure at USD 47 billion. The sovereign wealth fund had deployed about USD 37 billion in India over the last two decades. Its India exposure makes up seven percent of its global portfolio by underlying assets, even as Temasek had invested USD three billion in India in 2023, eyeing suitable opportunities.

Temasek is looking at four themes for investments, as healthcare, consumption, digitisation and sustainability. Also, in India, its expectations are supported by the financial markets which have been expanding and maturing, allowing for above-average returns. Temasek is backing portfolio firms which are planning initial public offerings (IPOs) to tap a thriving primary market.

In India, Temasek had been investing in the healthcare sector through Sheares Health. Last year, the firm took an additional 41 percent stake in Manipal Health Enterprises for Rs 16,500 crore, and is in the process of winding down the platform in line with its global strategy.