Home / Business and Economy / Canada Pension Giant Eyes $3 Billion India Bet
Canada Pension Giant Eyes $3 Billion India Bet
13 Mar
Summary
- Canada's second-largest pension fund plans to invest $3 billion in India.
- India's real estate and infrastructure offer the best global returns.
- Fund CEO praises India's proactive outreach to foreign investors.
Canada's Caisse de dépôt et placement du Québec (La Caisse), the world's largest institutional investor in infrastructure, intends to invest around $3 billion more in India over the next four to five years. This follows a decade of successful operations in India, where the fund has already deployed $7 billion, representing 2% of its total assets under management.
The fund's president and CEO, Charles Emond, stated that Indian real estate has yielded the best global returns, instilling confidence in further investments. La Caisse sees significant opportunities in infrastructure and real estate, shifting focus from public equities to real assets. Emond emphasized India's scale, growth, and diversification advantages.
Emond praised India's government for its proactive and consistent policies in attracting foreign capital, noting it as a model for other nations. Despite recent foreign portfolio investor outflows, he believes India's IPO market offers great returns and anticipates massive inflows into renewable energy, digital infrastructure, and transportation sectors.
La Caisse's investment strategy in India involves being a minority partner within larger consortiums. The fund aims to grow alongside institutional partners in sectors driven by urbanization and sustainable energy demand. The fund's past investments include platforms for private credit, office business parks, and road infrastructure.
