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Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 443,823,447
Close 2024-09-19 C$ 64.66
Market Cap C$ 28,697,624,083
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FP/wire say Brookfield Asset takes aim at India

2024-09-20 09:20 ET - In the News

The Financial Post reports in its Friday edition that Brookfield Asset Management plans to add to the $13-billion it has already invested in Indian infrastructure, describing it as the "brightest spot" in emerging markets (all figures U.S.). A Bloomberg dispatch to the Post quotes Arpit Agrawal, head of the Canadian investment firm's India infrastructure business, saying, "There's no reason why we can't keep up with that trajectory." Brookfield has increased spending in the sector across India from just $100-million eight years ago. Brookfield's wider themes for infrastructure that focus on digitalization, decarbonization and deglobalization play well in India, according to Mr. Agrawal. Brookfield, with total global assets under management of $1-trillion, will explore investments in fibre optics, where demand is projected to increase as more data shifts to the cloud. It may also partner with semiconductor manufacturers and increase investment in gas pipelines, Mr. Agrawal said. The firm has already invested in telecom towers, pipelines and data centres, and is looking at smart meters. Brookfield owns nearly $29-billion of assets across infrastructure, real estate, renewable and private equity investments in India.

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