Mapletree looks to deploy 20% of new Asia fund in India
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Singapore’s Mapletree plans to deploy 20% of its new Mapletree Emerging Growth Asia fund in India.
- ✓Sources said the firm aims to invest $400 million to $500 million here.
- ✓The fund focuses on developing warehousing properties across six core Indian markets, alongside projects in Malaysia and Vietnam to boost growth.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Singapore's Mapletree is looking at deploying 20% of its new Mapletree Emerging Growth Asia (MEGA) fund in India , said sources in the know .
"Though they have investment target of $ 2.1 billion, they are looking at $ 400 million to $ 500 million here," said the source.
Though Mapletree has not publicly announced the total corpus of the fund , early this month said it is targeting total investment value of $2.1 billion for its emerging Asia logistics development strategy under MEGA.
MEGA is looking at developing warehousing properties in Malaysia, Vietnam and India markets . The fund is looking to deploy 40% each in Malaysia and Vietnam , sources said.
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