Brookfield Asset Management is projecting a more than threefold increase in its Indian portfolio over the next five years, targeting $100bn in assets under management, up from the current $30bn, according to a report by Bloomberg citing President Connor Teskey.
Speaking at an investor event in Mumbai, Teskey underscored India’s growing importance in Brookfield’s global strategy. “There is no limit to the amount of capital we’d put to work in India right now,” he stated, signalling the firm’s intent to significantly deepen its footprint across the subcontinent.
The alternative asset manager, which has deployed approximately $12bn each in infrastructure and commercial real estate across India, is also active in the renewable energy space, where it holds $3bn in assets and a development pipeline exceeding 43 GW. The firm’s infrastructure holdings span critical national assets including a cross-country gas pipeline, telecom towers, and data centres developed in partnership with Reliance Industries, led by Mukesh Ambani.
Brookfield is additionally eyeing entry into India’s nuclear energy market, contingent on regulatory reforms. The firm holds a controlling stake in Westinghouse Electric Corporation, a leading global provider of nuclear technology.
Teskey noted that India stands to benefit from macroeconomic tailwinds including global supply chain diversification and shifting foreign direct investment flows. Global corporations are increasingly establishing operations, supply chains, and capability centres in India, he said. “That is a trend we do not see slowing down.”
