CPPIB increases investments in India
The $269 billion Canada Pension Plan Investment Board has opened a new office in Mumbai, India. CPPIB seeks to find investments that will deliver attractive long-term, risk-adjusted returns.
"CPPIB's long investment horizon aligns to the financing needs of India's economy, business conglomerates and entrepreneurs,” said Mark Wiseman, president and CEO at CPPIB, in a statement.
CPPIB has been investing in India since 2010. From the Mumbai office, CPPIB will focus primarily on growing its portfolio in India. CPPIB has committed more than $2 billion to investments in India. CPPIB has made investments with L&T Infrastructure Development Projects Ltd., Piramal Enterprises and Shapoorji Pallonji Group.
According to the Financial Times, CPPIB will invest $6 billion into India by 2022 as it looks to more than double the proportion of its