Finance Minister Nirmala Sitharaman met Singapore sovereign wealth fund Temasek chairman Teo Chee Hean on Tuesday to review India’s investment landscape, discuss its $50-billion India exposure and future investment plans across key growth sectors.
Hean commended the wide-ranging reforms undertaken by the Indian government over the past decade, noting that these measures have strengthened the country’s macroeconomic fundamentals and boosted investor confidence.
Hean and Sitharaman discuss potential investment opportunities
During their interaction, Sitharaman and Hean explored potential investment opportunities across sectors such as financial services, consumer markets, healthcare innovation, technology, manufacturing, and renewable energy.
“Mr. Hean informed the Union Finance Minister that while Temasek’s cumulative exposure to India stands at $50 billion, they look forward to expanding their India footprint over the next few years, as a win-win opportunity for both, with focus on #FinancialServices, consumer markets, healthcare innovation, #technology, #manufacturing, and #RenewableEnergy among others,” Finance ministry said in a post on ‘X’.
An overview of Temasek’s business portfolio
Temasek is Singapore’s state-owned global investment company. As of March 31, 2025, its net portfolio value stood at S$434 billion (mark-to-market value S$469 billion), making it one of the world’s largest sovereign investors. Temasek is Singapore’s state-owned global investment company. As of March 31, 2025, its net portfolio value stood at S$434 billion (mark-to-market value S$469 billion.