CapitaLand Investment Aims to Double India Portfolio by 2028

Singapore-based CapitaLand Investment Ltd (CLI) plans to more than double its funds under management in India from Rs 46,000 crore by 2028. The company aims at expanding IT and logistics parks, exploring renewable energy, and leveraging private funds. CLI has a diversified portfolio in eight Indian cities.

Singapore-based CapitaLand Investment Ltd (CLI) has announced ambitious plans to more than double its funds under management (FUM) in India by 2028. The company targets an increase from nearly Rs 46,000 crore (7.4 billion Singapore dollars) by expanding in key sectors including IT parks, logistics, and renewable energy.

Since its entry into the Indian market 30 years ago, CLI has built a portfolio encompassing over 40 IT and business parks across eight cities such as Bengaluru, Chennai, and Mumbai. Group CEO Lee Chee Koon emphasized India's strategic importance, citing robust economic growth projections as a key driver for increased investments.

CLI aims to leverage its operational expertise and private funds to grow its asset value and expand into adjacent business segments like renewable energy and real estate private credit. CEO of CLI India, Sanjeev Dasgupta, highlighted the company's plans to drive growth through CapitaLand India Trust (CLINT) and other private funds, especially in logistics and business parks.

(With inputs from agencies.)