Malaysian investment firm eyes Indian energy sector

Khazanah Nasional, the sovereign wealth fund of the Malaysian government, plans to invest in India, including the latter's energy sector.

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

The executive director also said no funds have been earmarked for these investments at present and there is no specific ticket size that the fund is looking at for investment. The fund house, which has global investments of US $35 billion and assets worth US $100 billion, is currently working on some deals in these sectors, he said.

In the financial services space, the fund house is open to investment in the insurance sector if the foreign direct investmenlimit is raised by the government, Fernandes said. “We are evaluating proposals to invest in the energy segment, mainly in the hydro and thermal power segment. However, anything concrete is yet to evolve in this sector,” he said.