Good News for India from Singapore

A significant announcement has come from Singapore for India. CapitaLand, one of Asia’s largest real estate companies, plans to double its investment in India over the next four years. According to this plan, the company will invest over $11.32 billion in India by the year 2028. This announcement comes at a time when PM Modi is set to visit Singapore.

Investment Focus and Future Plans

CapitaLand has stated that this investment will be directed towards the Renewable Energy and Real Estate sectors in India. Last month, the company also launched a fund to build a Business Park in India. It is anticipated that approximately $530 million will be added to this fund. With this investment, CapitaLand’s global target will exceed $150 billion by 2028. CapitaLand’s CEO, Le Che Ku, mentioned that the company is expanding its portfolio due to favorable investment opportunities in India, prompting the decision to double the investment amount in the next four years.

About CapitaLand Group

CapitaLand Group is one of Asia’s largest real estate companies, headquartered in Singapore. The company invests in real estate-related projects and has investments in over 260 cities across more than 40 countries worldwide.

PM Modi’s Visit to Singapore

Prime Minister Narendra Modi will embark on a two-day visit to Singapore, where he will meet with Singaporean Prime Minister Lawrence Wong and other prominent leaders. Singapore is one of India’s largest trading partners, accounting for 3.2% of the country’s total trade. In the financial year 2024, imports from Singapore reached $21.2 billion, while exports totaled $14.4 billion.