Temasek says India among its 'most active' investment areas

Says it remains optimistic about long-term returns

Temasek Holdings (Private) Limited, the investment arm of the Singapore government, said it India has been one of its "most active" areas of investment in the past one year.

"In India, we are seeing the (Prime Minister Narendra) Modi-led government focusing on reviving investor-led growth," said Ravi Lambah, co-head of India, Africa and the Middle East region at Temasek.

"We have been very active in India last year, and it was probably one of our most active areas of investment," said Lambah.

"We've been seeing potential in investing in the country on a long-term perspective. We remain optimistic that India will deliver returns over the long-term," he was quoted as saying by Mint Asia, a weekly on the Indian economy and markets here.

India currently accounts for about 4% of the Singapore investor's portfolio.

Commenting on the ruling Indian government, Lambah hailed steps like the Jan Dhan Yojana, which provides banking services to people belonging to weaker and low-income group sections.

"For instance, the ability to connect millions of people who are unbanked (without bank accounts), the government can now go out and award subsidies directly without any leakage.

"There are developments that we are watching, and we continue to be positive investors in the long-term," he said.