Macquarie Asset Management (MAM), a global leader in asset management, is set to invest billions of dollars in India's rapidly expanding sectors such as energy transition, digital infrastructure, and real estate. According to a report by The Economic Times, the firm is increasing its focus on India due to the country's projected growth rate of 7 percent over the next decade and its youthful demographic, which presents substantial opportunities for investment.
Since MAM's initial investment in India in 2009, the firm has invested approximately $3.5 billion in the country. Now, it aims to broaden its presence by investing in high-potential areas, though the report did not provide details on specific projects. Macquarie has had a presence in India since 1999 and remains a significant player in the market. However, the firm faces rising competition from other global investment funds, all targeting India’s infrastructure sector, which has been identified as a key investment area.
Ben Way, Group Head of MAM and member of Macquarie Group’s executive committee, spoke to The Economic Times about the firm’s commitment to India. He expressed confidence in the country’s economic growth and the scale of investment opportunities. "We think we'll deploy billions of dollars over the coming years here. We feel that we are entering a new phase of investment here in India because the size of the economy, the scale of the opportunities, and policy framework," Way said. He also emphasized that the next decade in India holds even greater potential than the last, particularly as the nation advances its infrastructure and digital transformation goals.
As the world's largest infrastructure asset manager, with over $600 billion in assets under management, Macquarie has made over 60 investments in India’s infrastructure sector. These include investments in toll roads and renewable energy projects. MAM is also exploring opportunities in affordable housing and logistics, reflecting India's growing needs and evolving economic policies.
© 2023 Rera News. All rights reserved.