Singapore's CapitaLand Investment has revealed its strategy to significantly expand its funds under management in India to more than S$14.8 billion by 2028, aiming to capitalize on the growth opportunities in the Indian market. This move to double its current FUM is part of CapitaLand's broader global goal to exceed S$200 billion in funds under management by 2028, showcasing a strong commitment to India's real estate sector.
CapitaLand Group CEO Chee Koon highlighted the attractiveness of India's quality real assets to global corporations and institutional investors, motivating the company to further invest in the country. In line with this, CapitaLand is venturing into new sectors such as renewable energy and real estate private credit as part of its expansion strategy in India. Additionally, the recent launch of a fund dedicated to business park development in India, projected to contribute S$700 million to its funds under management, demonstrates CapitaLand's efforts to strengthen its presence in the region.
The visit of Prime Minister Narendra Modi to Singapore emphasizes the strengthening economic ties between the two nations, with a focus on enhancing bilateral cooperation. Singapore stands out as one of India's major trading partners, with a significant share in the country's overall trade activities. The longstanding economic relationship is further illustrated by Singapore's position as India's leading source of foreign direct investment, with substantial inflows recorded since 2000, constituting a notable portion of all FDI into India.