CapitaLand Investment to double portfolio in India
Singapore-based CapitaLand Investment (CLI) has plans to double its portfolio in India, reported The Economic Times.
The company currently has about 22 million square feet of business parks and about 7.5 million square feet of industrial parks. It plans to scale up the portfolio to 50 million square feet in the next three years.
“We are quite upbeat about India’s economic prospects. All the infrastructure push that has been done has created a lot of ancillary demand. And the whole relocation of manufacturing within Asia has also led to increase in demand,” said Sanjeev Dasgupta, CEO, CapitaLand Investment India and CapitaLand India Trust, in the article.
The firm’s portfolio consists of more than 20 business and IT parks, industrial, lodging and logistics prope