Temasek targets another $9–10B for India, backing consumer-led growth

Temasek plans to deploy $9–10 billion more in India over the next few years, targeting consumer businesses alongside financial services, healthcare, industrials, renewables and infrastructure. Its India portfolio has declined from about $50 billion to $42 billion after exits.

— Filed Wed, 22 Jul, 2026, 22:55 IST · Source Business Standard · Companies · Updated

Temasek says it remains committed to India’s consumer-led growth despite its India portfolio falling to 7% of global assets after exits. It plans to deploy another $9-10 billion, focusing on financial services, healthcare, consumer businesses, industrials, renewables and infrastructure.

Why this matters

The plan extends Temasek’s recent India retail push: it signaled a $10B investment drive tied to organised consumption and increased retail exposure through Haldiram’s, Lenskart and Eternal.

Retail-company signals are accelerating, up 1,014,400% QoQ.