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Brookfield Expands $13 Billion Investment in India's Infrastructure

  • Posted on September 19, 2024
  • News
  • By Arijit Dutta
  • 141 Views

Brookfield Asset Management is expanding its $13 billion investment in India, focusing on sectors like fiber optics and gas pipelines. With nearly $29 billion in Indian assets, Brookfield’s strategy aligns with India’s infrastructure development goals, driven by regulatory changes and private capital's role in supporting the country's infrastructure growth.

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Brookfield Asset Management plans to increase its $13 billion investment in Indian infrastructure, focusing on digitalization, decarbonization, and deglobalization. Brookfield’s India team, consisting of 15 professionals, remains optimistic about the country’s growth potential.

Arpit Agrawal, Brookfield’s head of India infrastructure, emphasized that India's demographics and predictable rupee depreciation make it an attractive investment destination. Brookfield is exploring areas like fiber optics, semiconductor partnerships, and smart meters while already holding significant assets in transmission towers, pipelines, and data centers.

With nearly $29 billion in Indian assets, Brookfield's investment strategy aligns with the Indian government’s push to upgrade urban infrastructure. A 2022 World Bank report projected that India needs $840 billion for infrastructure development over the next 15 years. Brookfield’s investment trust (InvIT) holdings account for a third of India’s $21.5 billion InvIT market.

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Brookfield is also evaluating opportunities in sectors like airports and roads, which are experiencing growth. Agrawal highlighted that private capital remains crucial to India’s infrastructure growth, with regulatory changes making investment more accessible.

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Arijit Dutta

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