Temasek, an investment company owned by the Singapore Government, said as a long-term investor it was not worried about the recent crash in the Chinese stock market. Temasek’s exposure to Chinese markets is a little over a quarter of its portfolio size of S$266 billion.

R Venkatesh, Managing Director — India, Temasek Holding Advisors India Pvt Ltd, said Chinese stocks had run up very strongly over the past year (over 100 per cent) and even after the crash, they were back to levels seen at the end of March.

“Short-term volatility would not affect our investments either in China or elsewhere,” said Ravi Lambah, Head — Telecom, Media & Technology, and co-Head — India, Africa and West Asia, Temasek.

Temasek’s exposure in India is a little over S$10 billion or about 4 per cent of its total portfolio. It had invested about S$1 billion last fiscal and has already invested another S$1 billion in the past three months alone.

Asked about further plans for investment, Venkatesh said Temasek believed in the India story and was optimistic about its growing middle-class and consumption theme.

2-year perspective Asked about the investments made when the markets here were expressing a certain sense of disillusionment, Lambah said the money was invested taking into account the outlook for the next couple of years. He said, “Temasek is not a venture capital or an angel investor, but a growth investor with the capacity to stay invested for a very long time.”

He said the capacity to add more than capital by way of expertise, a varied portfolio, and the fact that there are no fund life issues make it a preferred investor for a number of companies seeking funds.

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