CapitaLand's Rs 9,200 Crore Investment to Boost Maharashtra's Digital Infrastructure

CapitaLand Investment Ltd (CLI), a global real asset management firm, revealed plans to invest over Rs 9,200 crore in Maharashtra by 2030, enhancing its foothold in Mumbai and Pune. Announced alongside the inauguration of its first data center in Navi Mumbai, this decision underscores CLI's commitment to expanding its Indian presence.

The company's ambitions include massive investments in data centers, logistics, and industrial parks, forming part of a larger strategy to raise managed funds from 8 billion to 15 billion Singaporean dollars by 2028. This expansion strategy aligns with CLI's focus on Maharashtra's strong economic fundamentals and industrial ecosystem.

To date, the firm has invested over Rs 6,800 crore across various assets in Mumbai and Pune, including business parks and logistics facilities. CLI's portfolio spans eight Indian cities and is geared towards meeting rising digital infrastructure demands through ascendant projects under its affiliated entities, targeting new growth horizons in Maharashtra.

(With inputs from agencies.)