Singapore’s CapitaLand Investment announced plans to more than double its funds under management (FUM) in India by 2028, targeting an increase from S$7.4 billion ($5.66 billion) as of June 30. This expansion is part of CapitaLand’s broader goal to reach S$200 billion in FUM globally by the same year.
Group CEO Lee Chee Koon highlighted India’s growing appeal to global corporations and institutional investors, noting the country’s demand for quality real assets. Koon also mentioned that CapitaLand is exploring opportunities in renewable energy and real estate private credit sectors within India.
Last month, CapitaLand launched a fund focused on business park development in India, expected to contribute an additional S$700 million to its FUM.
The announcement coincides with Indian Prime Minister Narendra Modi’s visit to Singapore, where he aims to strengthen bilateral ties and attract investments. During his two-day visit, Modi is scheduled to meet with Singapore’s leadership and promote India as a favourable investment destination.
