India-Singapore Trade Boost | CapitaLand’s Big India Investment Unveiled Ahead of PM Modi’s Visit

A day before Prime Minister Modi’s visit to Singapore, CapitaLand Investment is reportedly setting its sights on a massive expansion in India.
The Singapore-based real estate giant has announced plans to more than double its funds under management in India by 2028.
That’s right, from the current S$7.4 billion --which is about $5.66 billion USD as of June 30--, CapitalLand is aiming to multiply this number as part of their global goal to reach S$200 billion in managed funds.

Why India, you ask?
According to Group CEO Lee Chee Koon, India has been one of CapitaLand’s fastest-growing markets. Its investments in the country have tripled over the last seven years.

Koon also hinted at new ventures, mentioning the company’s interest in diving into the renewable energy sector and exploring the private credit market in real estate within India.
CapitaLand has been a key player in India’s real estate landscape for three decades, starting with business parks and now boasting over 40 assets across IT, business parks, industrial, logistics, lodging, and data centers.

just last month, they launched a new fund specifically for business park development in India, which is expected to add another S$700 million to their funds under management. Clearly, CapitaLand is betting big on India’s future.

Like I said, this announcement comes at a strategic moment, as

Prime Minister Narendra Modi embarks on a significant visit to Singapore. During this trip, Modi is set to meet with Singapore’s top leadership, including President Tharman Shanmugaratnam and Prime Minister Lawrence Wong.
The focus? Strengthening ties and exploring new avenues of cooperation, particularly in advanced manufacturing, digitalization, and sustainable development.

Singapore isn’t just a friendly neighbour; it’s a major player in India’s economy.
The city-state is India’s largest trading partner in Asia and the sixth-largest globally, with trade between the two nations hitting $36.6 billion in 2023.

Singapore is also the top source of foreign direct investment (FDI) into India, with inflows totaling nearly $160 billion from April 2000 to March 2024. That’s almost a quarter of India’s total FDI inflows!

As India continues to push for greater foreign investment, there’s a big spotlight on Singaporean companies. India is encouraging them to pour money into emerging sectors like logistics, warehousing, and commercial real estate. With CapitaLand leading the charge, the future of India-Singapore economic ties looks incredibly promising.

So, as CapitaLand doubles down on India, and with Prime Minister Modi in Singapore to discuss new partnerships, all eyes are on how this relationship will shape the future of both nations.
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