Canada pension fund ready to invest $2 bln in Mumbai housing-India official

October 31, 2015 7:36 AM

36 0

MUMBAI Oct 31 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 Prime Minister 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 state where Mumbai is located, told reporters.

Also read: Brazilian prosecutors ask BNY Mellon unit to return $2.5 billion to local fund

Read more

To category page