Singapore’s GIC collaborates with Sterlite Power Transmission (SPTL), a Vedanta Group firm, to establish a $1 billion joint venture platform focusing on power evacuation networks. GIC invests $500 million for a 49% stake in SPTL’s infrastructure business, contingent on project tender wins. SPTL is in the process of separating into two entitiesāinfrastructure development and domestic cable production. Funds deployment occurs in tranches, with GIC as the exclusive partner in India’s transmission sector. Sterlite Power transfers assets worth $722.60 million to the joint venture, and both parties may invest additional capital, enhancing competitiveness in India’s transmission projects.