30 January , 2023 Fdiindia
According to Media Report, Temasek Remain Invested in Adani Ports
Temasek Holdings (Private) Limited, which is a Singapore investor, remains invested in Adani Ports and Special Economic Zone despite the criticism from US based forensics research institution towards the Indian conglomerate, as per the reports from media.
The Adani Group also has an edible oil and food business in India known as the Adani Wilmar through a joint venture with Singapore listed Wilmar International.
The Group has had its presence in Singapore for a period of over 20 years, and the headquarters for operations in the region of Southeast Asia is Adani Singapore as per the earlier media reports.
According to the media, the Adani Group’s talks with the investors from Singapore, which includes Temasek and the Government Investment Corp (GIC), for raising USD 10 billion, in order to fund its expansion of USD 100 billion over the next decade, of which USD 70 billion would be used for clean energy, ports and cement businesses.
Chairman of the Group, Gautam Adani had addressed the conference of Forbes Asia in Singapore on 27th September 2022, listing out his ambitious plans of investment.
In his conference speech, he highlighted the ongoing growth of global confidence in India, by saying, “I expect the flow of FDI into India to further accelerate and rise above USD 500 billion over the next 15 years, making India by far the world’s fastest growing destination for FDI.”
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