Temasek aims to invest up to US$12bil in India as China weighs

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MUMBAI: Singapore state investor Temasek plans to invest up to $12 billion in India over three years in sectors such as financial services and healthcare, a top executive said on Monday, favouring the South Asian nation as it turns cautious on China.

"We are bullish in India for the long term," Bhandari said in an interview at Temasek's Mumbai office.

About 22% of Temasek's investments are in the United States and 19% in China, and its exposure to the Americas surpassed China in the last financial year for the first time in a decade.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaIndiaSingaporeUnited States

Topics: IPO /Business/Business News Temasek Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 20:35:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21628380

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