PM Narendra Modi In Singapore: As soon as Prime Minister Narendra Modi landed in Singapore, Singapore’s leading real estate group has announced to double its investment in India by the year 2028. Singapore’s CapitaLand, which is Asia’s largest diversified real estate group, has said that it will invest Rs 45,000 crore in India in the next four years, after which the group’s total investment in India will increase to Rs 90,280 crore.
CapitaLand Investment said it will double its funds under management in India from $7.4 billion or Rs 458.8 billion as of June 30, 2024 to $4.8 billion by 2028. The company said this decision will help CapitaLand Investment achieve its target of $200 billion in funds under management by 2028. The company has made this announcement on the occasion of the 30th anniversary of its presence in India. CapitaLand Investment is very positive about the pace of India’s economic development and wants to expand its business.
Singapore’s High Commissioner to India Simon Wong has shared the information about this investment by CapitaLand Investment by posting it on social media. He wrote in his post that it is good to see that Singapore companies are doubling their investments in India.
Singapore’s CapitaLand, one of Asia’s largest diversified real estate groups, plans to more than double its funds under management in India to more than S$14.8 billion (>INR 90,280 Cr) by 2028.
Good to see 🇸🇬 companies doubling down on investments in 🇮🇳! HC Wong https://t.co/2xqROjij7o
— Singapore in India (@SGinIndia) September 4, 2024
CapitaLand Investment’s Group CEO Lee Chee Koon said, India is a strategic market for us and is a major contributor to CapitaLand Investment’s overall business. He said, India has been the fastest growing market for us where our investment has tripled in the last seven years. He said, India’s GDP is estimated to be 7 percent in the year 2024 and the Indian economy will be the third largest economy in the world in the next five years. CapitaLand Investment’s Group CEO said, India is continuously attracting investment from big companies and institutional investors for its quality real assets.
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