• Canada’s biggest public pension scheme sees India as its main focus for investment in Asia as the country pours money into infrastructure development.

• Canada Pension Plan Investment Board (CPPIB) is looking for opportunities to invest in Indian infrastructure, power and real estate projects.

• CPPIB, which manages Canada’s national pension fund, has invested nearly C$7 billion ($5.30 billion) in India since entering the market a decade ago.

• CPPIB said that India is our focus market in Asia Pacific  as a long-term investor.

• Some of CPPIB’s recent deals have been with private sector lender Kotak Mahindra Bank and real estate developer Phoenix Mills Ltd.
• “We’re going to continue to expand our real estate, power, renewable and infrastructure investments,” it said.
• The fund would also be interested in the consumer sector.

• CPPIB currently owns shares in some leading fast moving consumer goods companies like ITC Ltd, Hindustan Unilever Ltd and Britannia Industries Ltd.

• The fund also expects more deals with logistics platform IndoSpace Core, its joint venture with Indian property developer IndoSpace.

The Hindu