Representative image of investment.
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Bengaluru: Singapore-based global real asset manager CapitaLand Investment Limited (CLI) unveiled a target on Wednesday to more than double its funds under management (FUM) in its core market India by 2028, up from Rs 47,651 crore as on June 30, 2024.
The company announced that this will contribute to CLI’s global target of achieving Rs 1.28 lakh crore in FUM by 2028.
Lee Chee Koon, Group Chief Executive Officer, CLI said, “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 per cent 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. This is also aligned with our priority on geographical diversification to achieve better capital rebalancing.”