Canada’s National Pension Fund to Augment Investment in India
Canada’s national pension fund which is managed by Canada Pension Plan Investment Board (CPPIB) has put in nearly C$7 billion ($5.30 billion) in India soon after making an entry into the market ten years ago. It is seeking opportunities to put in money in the Indian infrastructure, real estate projects and power.
Canada’s largest public pension scheme is seeing India as the main area for investment in Asia. This seems to be because India invests a valuable amount into infrastructure development.
“As a long-term investor, Asia Pacific is very important... India is our focus market in the Asia Pacific,” said Suyi Kim, senior managing director and head of Asia Pacific, CPPIB.
Indian Government that is led by Prime Minister Narendra Modi has plans to bolster the economy. Also, it aims to ...