India with its strong push toward urbanisation, green energy plays to our strengths, says La Caisse CEO Emond

Charles Emond, the CEO of La Caisse de dépôt et placement du Québec, highlighted India's promising landscape for investments during his recent visit. He noted that Indian real estate has offered unmatched returns globally, prompting La Caisse to seek further opportunities in infrastructure and real estate, moving away from their previous focus on public equities. With approximately 2% of their $517 billion assets currently invested in India, Emond anticipates an additional $3 billion deployment over the next four to five years, primarily targeting infrastructure projects, real estate, and private equity. He emphasized that India's ongoing urbanization, strong energy demands, and favorable demographics align well with La Caisse's investment strategy. Despite recent challenges, including significant outflows from foreign portfolio investors, Emond praised the Indian government's proactive approach to attracting foreign capital, citing consistent policies and a united front in outreach efforts. He believes that India's robust IPO market and infrastructure spending will drive significant foreign investments in sectors such as renewable energy and transportation. La Caisse's investments in India include collaborations with Piramal Asset Management and the Embassy Group, marking a strategic commitment to the region's growth potential.