The 11-member board of directors at Temasek is currently on a significant visit to India, a country hailed as a global bright spot. According to reliable sources within the industry, this move is part of Temasek’s strategic initiative to strengthen ties and expedite the deployment of $10 billion in investments across the nation over the next three years.
Having consistently invested an average of $1 billion to $1.5 billion annually in India for the past 19 years, Temasek now aims to triple these figures. This decision aligns with the global trend of foreign investors shifting their focus to India, which has consistently outperformed its global counterparts.
The visit by the top leadership of Temasek is timely, coinciding with record-high domestic stock markets, state election results indicating policy continuity, and robust Q2 GDP growth, solidifying India’s position as the fastest-growing major economy.
One source familiar with the matter stated, “The entire Temasek board is currently on a 4-day trip to India, with plans to spend time in Delhi and Mumbai this week. The agenda includes meetings with industrialists, corporates, and senior government officials.”
Providing context to the leadership team, Lim Boon Heng has served as the Chairman of the Board of Directors of Temasek since August 2013, while Dilhan Pillay Sandrasegara assumed the role of CEO in October 2021. Ravi Lambah, who joined Temasek in April 2012, heads the operations in India.
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