Temasek lifts India exposure

India now accounts for 8% of Temasek Holdings' $324 billion portfolio, up from 7% in FY24

- DEV CHATTERJEE

Singapore's state investor Temasek Holdings, which recently picked up a 10 per cent stake in Haldiram, has been consistently expanding its footprint in India while slowly withdrawing from China over the last three years amid growing geopolitical risks and economic headwinds.

India has become Temasek's third-largest market, after Singapore (27 per cent) and China (18 per cent), with its exposure to the country higher than the rest of Asia Pacific excluding the three (11 per cent), according to Temasek's annual review.