CDPQ to strengthen its presence in India
The structural reforms undertaken by India are likely to provide a strong foundation for such high growth well into the future, said Jase Auby, Chief Investment Officer, Teacher Retirement System of Texas.
He told the 2020 Virtual Global Investor Roundtable (VGIR) that pension fund investors dedicate large portions of their portfolios to assets expected to benefit from growing economies and markets.
Further, Quebec’s Caisse de dépôt et placement du Québec (CDPQ) aims to strengthen its presence over the coming years in India, added President and CEO Charles Emond at the roundtable held 5 Nov 2020.
“India is an important market for CDPQ. We have invested several billion (dollars) in sectors such as renewables, logistics, financial services and technology-enabled services,” he said.
Emond also thanked Prime Minister Narendra Modi and his government for taking the lead on organizing this roundtable where global investors and business leaders could discuss opportunities to support a stronger economy for India.
“The VGIR 2020 roundtable was a very productive and helpful forum which provided us insight into the government’s vision to build out the Indian economy and accelerate the growth of international institutional investors in India,” added Mark Machin, President & CEO of Canada’s CPP Investments.
“India is key to our long-horizon investment strategy, focused on growth markets, and we have a strong appetite to build on our existing investments across infrastructure, industrial and consumer sectors,” said Machin.
Prime Minister Modi chaired the roundtable, pitching among investors that India is the place to be if one wants returns with reliability, demand with democracy, stability with sustainability and growth with a green approach.
India’s growth has the potential to catalyse global economic resurgence, he pointed out.
Any achievement by India will have a multiplier impact on World’s development and Welfare, the Prime Minister pointed out.
“A strong and vibrant India can contribute to the stabilization of the world economic order,” he said, assuring the investors that the Government will do whatever it takes to make India the engine of global growth resurgence. #economy #investments #projects #infrastructure #manufacturing /fiinews.com
