CPPIB eyes India
MUMBAI: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, a top Indian official said, in a move that would boost PM Narendra Modi’s goal of providing cheap housing to millions of people. “A week back, the Canadian ambassador ... informed me that the Canadian pension fund is ready to invest $2 billion in Mumbai for affordable housing,” Devendra Fadnavis, chief minister of Maharashtra, told reporters. The Canada Pension Plan Investment Board (CPPIB) opened an office in Mumbai this month.