MUMBAI – Singapore’s CapitaLand Investment is planning to more than double its holdings in India by 2028, capitalising on growing global investor interest in the country while diversifying its global portfolio of assets it manages.
This also comes at a time when Singapore is looking to burnish its position as one of India’s top foreign investors, and global firms are looking to expand their presence in the South Asian country, spurred by America’s friend-shoring trade policies. CLI today has $7.4 billion of funds under management, invested in business, logistics and IT parks, data centres and short-term lodgings across 13 cities in India.
Mr Lim said the company will continue its long-term approach of keeping a close eye on India’s priority sectors, building deep roots and employing locals as it expands its investments in data centres and begins investing in renewable energy and real estate private debt.CapitaLand Investment pushes ahead with disclosures from suppliers, more green leases
This comes as India aims to up its green energy capacity from the current 111 gigawatts to 500 gigawatts by 2030. India’s GDP is forecast to grow 7 per cent in 2024, down from 7.7 per cent in 2023 but still ahead of other developing Asian markets. The International Monetary Fund projects India being on track to be the world’s third-largest economy in the next five years.
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