Temasek sees potential to up India investment to around $9 billion in next 3 years

Temasek is bullish on India and expects to invest three times of its usual investments per year if it finds the right opportunity, its India Head, Ravi Lambah told CNBC-TV18.

“India is well positioned, India is the fastest growing economy in the world and our India portfolio has done well. It has benefitted from several structural benefits that we see. We have been deploying $1 billion every year. In the next three years, we see ourselves upping that to $9 billion if we find good opportunities,” Lambah said.

On the valuation drop in digital companies, Temasek maintains that there is potential to invest in promising business models. Lambah said, “Intrinsic Value Test shows many of them are viable, we have done some follow on in our existing portfolio companies. It's a reset in valuation but not a reset in the potential of the business. The potential runway is still long whether it is e-commerce or fintech, all of them are benefitting from the digitisation India stack and we are trying to double down on opportunities where potential continues to look good.”