CapitaLand Investment Limited (CLI), a global real asset manager, has unveiled a target to more than double its funds under management (FUM) in its core market of India by 2028, up from S$7.4 billion ($5.7 billion) as of June 2024. This will contribute to CLI’s global target of achieving S$200 billion ($153 billion) in FUM by 2028.
“India is a strategic market for us and a key contributor to CLI’s overall business,” said Lee Chee Koon, CEO, CLI. “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 percent 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. Given our deep expertise in the country and the strong tailwinds, we are confident of more than doubling our current FUM of S$7.4 billion [$5.7 billion] in India
