“India is a strategic market for us and a key contributor to CLI’s overall business. India has been one of our fastest-growing markets, where our investments have tripled in the last seven years. With India’s GDP forecasted to grow 7% in 2024 and its trajectory to be the world’s third-largest economy in the next five years, the country is attracting demand from global corporations and institutional investors for quality real assets,” says CLI’s group CEO Lee Chee Koon.
CapitaLand Investment (CLI) says it aims to more than double its funds under management (FUM) in India by 2028, up from its FUM of $7.4 billion – or INR458.8 billion – as at June 30. The move will contribute to CLI’s aim to achieve $200 billion in FUM by 2028 as well.
The target was announced on the back of CLI’s 30th anniversary in India, with the group positive on the country’s growth trajectory and the group’s priority to diversify its portfolio geographically.
