Abu Dhabi’s state funding agency Mubadala Investment Co, which has to this point invested $4 billion in India by way of direct and oblique investments, sees India as a precedence marketplace for its investments in Asia, particularly within the infrastructure sector, mentioned Khaled Abdulla Al Qubaisi, CEO, Real Estate and Infrastructure Investments at Mubadala in an unique interplay with ET. Of the overall Investments by Mubadala until date, Real Estate and Infrastructure Investments portfolio stands at $1.6 billion. This features a $1.2 billion funding in Jio Platforms and investments in Tata Power Renewables and Cube Highways’ infrastructure funding belief.

A serious backer of the Softbank Vision Fund with a $15 billion dedication, Mubadala manages belongings value roughly $284 billion. The funding agency was created in 2017 with the merger of two different state corporations – International Petroleum Investment Company and Mubadala Development Company. In 2018, Abu Dhabi Investment Council was added to Mubadala making it the second largest sovereign fund of Abu Dhabi and the third largest in UAE.

“India is a priority market for us in Asia. Mubadala is really serious about deploying more in India and to increase our weight allocation and portfolio in India, because right now it’s below India’s GDP share of global GDP. And I think we should be at least neutral if not even overweight in India,” mentioned Qubaisi.

“Where we are focusing on are things that positively impact people, improve life of people in India, whether it’s telecommunication, digital transformation and infrastructure,” he added.

Within infrastructure, Mubadala is specializing in areas equivalent to renewable power and roads.

“We believe in India’s future potential in energy and in renewable energy specifically, and we have high hopes and aspirations to invest even more in that area going forward. We are looking at this sector and as a fastest growing energy market and economy in the world, we want help support energy transition in the country and also be part of that growth,” mentioned Qubaisi, including that highways is one other large space of curiosity for Mubadala.

“It’s important for India to build up its infrastructure and highways are a core part of that infrastructure.”

Qubaisi believes that these sectors alone can take billions and billions of {dollars} of capital, given how massive India is and the expansion Mubadala sees within the Indian economic system. “These sectors alone will keep us busy for many years to come,” he mentioned.

Apart from renewables and roads, Mubadala can be taking a look at different funding alternatives equivalent to metropolis gasoline networks.

Economic Times reported on 12 May that Mubadala and a few Japanese traders are in talks to choose up a minority stake in I Squared Capital‘s metropolis gasoline distribution companies in India at a valuation of round $1 billion.

Mubadala’s funding technique in India will give attention to discovering and backing the suitable companions.