Global real asset manager CapitaLand Investment Limited (CLI) on Wednesday announced to more than double its funds under management (FUM) in its core market India to $14.8 billion Singapore dollars (Rs 90,280 crore) by 2028 -- up from the current 7.4 billion Singapore dollars – as Prime Minister Narendra Modi began his two-day official visit to Singapore.
The announcement will contribute to CLI’s global target of achieving $200 billion Singapore dollars in FUM by 2028, the company said in a statement.
Singapore's High Commissioner to India, Simon Wong, posted on X that it is "good to see Singapore companies doubling down on investments in India".
CLI entered India 30 years ago with the development of its first IT park called the International Tech Park Bangalore (ITPB). Its footprint has since expanded to 14 business and IT parks, offering 23.5 million square feet of space strategically located across Bengaluru, Chennai, Hyderabad, Pune, Mumbai and Gurugram, with more than 250,000 professionals working from these parks.