CapitaLand Investment (CLI), a global real asset manager, has signed an MoU with the Maharashtra government to invest over Rs 19,200 crore (SGD 2.83 billion) by 2030.

The investment will span business parks, data centres, and logistics and industrial parks across the Mumbai Metropolitan Region (MMR) and Pune, as part of CLI’s plan to grow its India funds under management from over SGD eight billion to about SGD 15 billion by 2028.

CLI entered Maharashtra in 2013 with the International Tech Park Pune, Hinjawadi, developed with MIDC, and has since invested over Rs 6,800 crore (SGD one billion) in 10 assets. Its current portfolio includes five operational business parks totalling 9.7 million sq. ft., with plans for an additional 4.5 msf, as well as logistics and industrial parks spanning 5.3 msf.

CLI also has a 1.2 msf warehousing park in Panvel and 17 msf of logistics projects in the pipeline. CEO Sanjeev Dasgupta highlighted Maharashtra’s strong IT and industrial ecosystem as key driver for expansion.