1 week ago

Temasek Set to Accelerate India Investments After Singapore Talks

Singapore’s investment fund Temasek already invests in many Indian companies.

Singapore’s High Commissioner said the fund may invest even more after recent talks between India and Singapore.

Those talks took place in Singapore on August 20.

The countries discussed technology, healthcare, manufacturing, food safety and other areas.

Temasek-backed Shiprocket began trading on Indian stock exchanges at a price higher than its IPO price.

Another Temasek-backed company, Milky Mist Dairy Food, also began trading this week.

Singapore was India’s biggest source of foreign investment in FY2025-26.

Trade between the two countries has also grown substantially.

Key facts

Temasek investment outlook: Singapore High Commissioner Simon Wong said Temasek is likely to further increase its investments in Indian equities.
Shiprocket listing: Shiprocket listed at Rs 131 per share, 35% above its Rs 97 IPO price.
Shiprocket IPO demand: The Rs 1,617.5-crore IPO was subscribed 99.38 times.
Milky Mist anchor funding: Milky Mist Dairy Food raised Rs 465.3 crore from 19 anchor investors.
Singapore FDI in India: Singapore accounted for USD 19.8 billion of India’s FDI inflows in FY2025-26.
Cumulative Singapore FDI: Singapore’s cumulative FDI in India totaled USD 194.68 billion from April 2000 to March 2026.
Bilateral trade: India-Singapore trade increased from USD 6.7 billion in FY2004-05 to USD 36.1 billion in FY2025-26.

freepressjournal.in · 1 week ago