Malaysia sovereign fund to invest in India

MUMBAI, (Asia Pulse) – Khazanah Nasional, the sovereign
wealth fund of the Malaysian government, plans to invest in
sectors like financial services, infrastructure and energy in
India in the near future. “We are looking at sectors like financial services,
infrastructure and energy for investment in the near future,”
Khazanah Nasional executive director Michael Jude Fernandes
said.

The executive director also said no funds have been
earmarked for these investments at present and there is no
specific ticket size that the fund is looking at for
investment.

The fund house, which has global investments of US$35
billion and assets worth US$100 billion, is currently working
on some deals in these sectors, he said. In the financial services space, the fund house is open to
investment in the insurance sector if the foreign direct
investment (FDI) limit is raised by the government, Fernandes
said.

“We are evaluating proposals to invest in the energy
segment, mainly in the hydro and thermal power segment.
However, anything concrete is yet to evolve in this sector,” he
said.

Khazanah holds stakes in Apollo Hospital (BSE:508869), Idea
Cellular (BSE:532822), IDFC (BSE:532659) and YES