**Brookfield Asset Management Aims for $100 Billion in India by 2028**
Brookfield Asset Management has set an ambitious target to grow its India portfolio to $100 billion within the next five years, outpacing the growth of its global assets, according to a senior executive. Currently, the firm manages $30 billion in assets in India, with plans for significant expansion primarily through inorganic growth strategies, alongside additional investments.
Headquartered in New York, Brookfield oversees over $1 trillion in assets across various sectors, including renewable energy, infrastructure, private equity, real estate, and credit. Connor Teskey, the president of Brookfield Asset Management, expressed confidence that the global portfolio will more than double in size over the next five years.
Teskey highlighted India’s potential as a rapidly growing economy with a wealth of talent. He noted that Brookfield is keenly focused on expanding its presence across major infrastructure asset classes, as India continues to enhance its infrastructure capabilities. The shift in global supply chain strategies, moving away from single suppliers to multiple sources, positions India as a key beneficiary of these trends.
The firm is particularly interested in sectors such as digital infrastructure, transportation, utilities, and power generation. Teskey emphasized Brookfield’s long-term investment approach, stating that they prioritize markets with stability and sustained demand trends, which are prevalent across various sectors in India.
Currently, Brookfield’s $30 billion portfolio in India includes $12 billion each in infrastructure and real estate, with renewable power and private equity investments totaling $3 billion and $3.6 billion, respectively. Notable assets include India’s longest privately-owned cross-country gas pipeline, extensive office space across major markets, and significant wind and solar energy projects.
In conclusion, Brookfield Asset Management’s strategic focus on India reflects its commitment to long-term growth in a dynamic market, with expectations of substantial returns as the country continues to develop its infrastructure and economic landscape.
**FAQ**
**What is Brookfield Asset Management’s target for its India portfolio?**
Brookfield Asset Management aims to expand its India portfolio to $100 billion over the next five years, significantly increasing its current assets of $30 billion.
