Brookfield plans to triple India's assets in five years, from $100 billion to $300 billion

Brookfield Asset Management is planning to triple its India investment in five years. It will bet on India's growth prospects, and the rising demand for infrastructure and clean energy.

Brookfield has increased its investments in India and in the last few years has invested $12 billion into infrastructure assets such as gas pipelines, tower assets, data centres, as well as in real estate, including hotels and offices, as well as in $12 billion worth of real estate, including office space.

Brookfield Asset Management President Connor Teskey, a New York-based firm with more than $1 trillion in assets under management, sees India as a major beneficiary of the diversification of supply chains by companies across the globe.

Teskey, a reporter in Mumbai, said that global corporations are trying to make their supply chain more resilient. They are moving from a model of relying on a single provider to one with multiple suppliers. India appears to be gaining the most benefit from all of these trends.

Brookfield will look for new opportunities, he said, in the areas of transport infrastructure, utilities, and power generation - especially renewables - as well as in real estate, including office, retail and logistics space, student housing and hospitality.

This week, Brookfield, a luxury hotel operator in India, Schloss Bangalore, owned by Brookfield, announced plans to raise up to $409 million through a public offering.

Teskey noted that Brookfield's investment horizon is long-term, despite the new tariffs that have created global uncertainty this year.

The key themes and dynamics we are investing in today far outweigh any headline uncertainty or short-term noise. (Reporting and editing by Adityakalra, Susan Fenton, and Dhwani Paandya)

(source: Reuters)