CPPIB’s India Portfolio Surges to Nearly $21 Billion, Plans Further Expansion
Canada Pension Plan Investment Board (CPPIB) has tripled its India portfolio to nearly $21 billion, making India its third-largest Asian market. The fund is targeting long-term investments in infrastructure sectors such as green ammonia and electric vehicles, while capitalizing on India’s robust economic growth and dynamic market opportunities. CPPIB emphasizes building strong partnerships and delivering sustainable returns.
Over the past five years, CPPIB’s investments in India have surged from approximately $7 billion to nearly $21 billion (around ₹1.8 lakh crore), cementing India as its third-largest market in Asia. This substantial growth reflects CPPIB’s confidence in India’s expanding economy and strong public markets. The Toronto-based pension fund is focusing on ‘real assets’ including energy, infrastructure, real estate, and emerging sectors like green ammonia and electric vehicles. CPPIB seeks opportunities with shorter development cycles and is also exploring consumer sectors such as e-commerce, where it has investments like Flipkart. Over recent months, it has bolstered its infrastructure holdings by increasing stakes in projects like the National Highways Infrastructure Trust and forming joint ventures, including one with property developer RMZ Corp for an office park. The fund continues to actively manage its portfolio with several exits from Indian companies, including logistics and financial services stakes. With nearly C$732 billion (over $646 billion USD) in global net assets, CPPIB maintains a disciplined long-term investment approach focused on delivering strong returns and fostering lasting partnerships in India’s dynamic and evolving market.
