Khazanah Nasional to invest in multiple sectors

Khazanah Nasional, the sovereign wealth fund of Malaysian government, is planning to invest in India in sectors like financial services, infrastructure and energy in the near future.

"We are looking at sectors like financial services, infrastructure and energy for investment in the near future," Executive Director of Khazanah Nasional, Michael Jude Fernandes said here.

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

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

"We are evaluating proposals to invest in energy segment, mainly in hydro and thermal power segment. However, anything concrete is yet to evolve in this sector," he said. Khazanah holds stakes in Apollo Hospital, Idea Cellular, IDFC and YES bank in the country.

Through Malaysia Airports, the fund house has also partnered with Indian infrastructure firm, GMR, in building airports in Hyderabad, Delhi and Istanbul.