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The Government Investment Corporation (GIC) has set up an India office in Mumbai, which will be headed by Mr Kishore Gotety.
The office would be made up of more than 10 investment and asset management professionals, GIC said in a statement on its website.
“The team aims to foster close relationships with key Indian partners who share GIC’s values as a responsible and long-term investor,” it said.
“GIC has been amongst the earliest institutional investors in emerging Asian markets,” GIC Deputy Chairman and Executive Director Mr Tony Tan said.
“In India, GIC has been investing across the public and private markets since the early 1990s. The setting up of the India office demonstrates GIC’s commitment to secure a larger role in the Indian growth story,” said Mr Tan, who is also a former deputy Prime Minister of Singapore.
GIC officially opened its India office in the city of Mumbai on March 31, 2011. The Mumbai office is GIC’s eighth office overseas. Its other offices are in New York, San Francisco, London, Tokyo, Seoul, Beijing and Shanghai.
GIC, established in 1981 and Temasek Holdings are Singapore’s main state-backed global investors.
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