Singapore’s CapitaLand signed an settlement with the state government of Maharashtra, India. The company invest 192 billion rupees ($2.19 billion) by 2030 to build their growth in Mumbai and Pune.
The deliberate investments is part of its broader growth strategy for India, wherein it targets to grow its funds under management to round S$15 billion by 2028 from more than S$8 billion, the company said.
CapitaLand Investments include data centres, business parks and more
CapitaLand’s investments will cover business parks, data centres, logistics and business parks in the western state of India, in which it has had operations considering 2013, it said. The company will scale up the investments through its indexed with CLINT, its budget and the Ascendas-Firstspace platform, said CEO Sanjeev Dasgupta.
The Temasek-subsidized firm had invested round 68 billion rupees over the last decade throughout 10 properties spans across commercial industry parks, data centres and logistics facilities in Mumbai and Pune.
Across India, in which the company has been working for over a long time, CapitaLand has more than 55 IT and business parks, data centres and other properties.
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