Caisse de dépôt looks at logistics investment in India: Reuters
The real estate arm of Canada's second-largest pension fund manager is looking at India's logistics sector following the announcement of its first investment in the country for more than six years, Reuters reported. Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec, announced a US$250 million residential investment in India last week, the first in the country since Daniel Fournier was put in charge of the division in 2010. India's real estate logistics sector is being fueled by the production of automotive components, textiles and pharmaceuticals, according to a research report by the real estate investment firm JLL. Export and import cargo is expected to grow to 2,800 million metric tonnes by 2020, the report said.
