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| Temasek expands India operations |
| BS Reporter / Mumbai Feb 24, 2009, 18:21 IST |
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Temasek Holdings Advisors (Temasek), an Asia investment company, expanded its India operations with the launch of its Chennai branch office. With this presence, the company will now be able to geographically diversify and focus on the large South India market.
Manish Kejriwal, senior managing director and country head, Temasek Holdings Advisors India said: “We believe that in the current scenario, with prevailing capital scarcity, private equity investments are likely to play a pivotal role in global economic recovery. We already have a strong and diverse portfolio of investments but we believe the South presents a large growth market with a substantial investment potential.”
“The GDP growth of the South is higher than the national average with the manufacturing, infrastructure and consumer oriented sectors performing exceptionally well. These would be our key focus areas. Also, the presence in Chennai would enable us to build relationships and grassroots understanding of the other major southern markets like Bangalore and Hyderabad. We plan to develop a team that will seamlessly integrate with the India operations,” said R Venkatesh, director of Temasek Holdings Advisors India.
Temasek commenced its India operations in 2004 with the establishment of its Mumbai office.
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