CapitaLand Plans Rs 192 Billion Investment in Maharashtra

14 Aug 2025 CW Team

CapitaLand Investment Limited (CLI), a global real asset manager, has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest over Rs 192 billion by 2030, strengthening its presence in the Mumbai and Pune commercial real estate markets. The announcement was made on 12 August during the launch of CLI’s first data centre in India, located in Navi Mumbai. The event was attended by Singapore’s Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, and Maharashtra Chief Minister, Devendra Fadnavis.

The planned investments will span business parks, data centres, logistics and industrial parks across Maharashtra, where CLI has been active since 2013. Its entry into the state began with the International Tech Park Pune, Hinjawadi (ITPP-H), developed in partnership with the Maharashtra Industrial Development Corporation (MIDC).

Over the past decade, CLI has invested more than Rs 68 billion (S$1 billion) in 10 assets, including business parks, data centres and logistics facilities in Mumbai and Pune. The new investment plan forms part of CLI’s broader India growth strategy, aimed at expanding its funds under management and reinforcing confidence in Maharashtra’s position as a hub for innovation, services, digital infrastructure, manufacturing, and logistics.

“India is a core market for CLI, and Maharashtra, with its strong economic fundamentals and well-developed IT and industrial ecosystem, presents significant opportunities for growth,” said Sanjeev Dasgupta, CEO of CLI India. “We will continue to scale our investments in Maharashtra through our listed trust, CLINT; our private funds; and the Ascendas-Firstspace platform, strengthening our partnership with the state.”

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..