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Canada’s biggest public pension fund CPPIB to step up investment in India
News:
- India’s $87 billion spending on infrastructure in financial year 2019
Important facts:
2. Canada’s biggest public pension scheme sees India as its main focus for investment in Asia.
3. Canada Pension Plan Investment Board (CPPIB), which manages Canada’s national pension fund, has invested nearly C$7 billion ($5.30 billion) in India.
4. CPPIB is looking for opportunities to invest in Indian infrastructure, power and real estate projects.
5. PM Modi plans to boost the economy and create more jobs by tripling public spending on infrastructure to ₹97 trillion ($87 billion) in the financial year .
6. CPPIB’s recent deals have been with private sector lender Kotak Mahindra Bank and real estate developer Phoenix Mills Ltd.
7. CPPIB currently owns shares in some leading fast moving consumer goods companies like ITC Ltd., Hindustan Unilever Ltd. and Britannia Industries Ltd.
8. The fund also expects more deals with logistics platform IndoSpace Core, its joint venture with Indian property developer IndoSpace.
