Quebec pension fund to invest US$150 mn in India renewables

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Montreal-headquartered pension fund Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional fund managers with C$248 billion (US$186.50 billion) in net assets as at December 31, 2015, has announced the establishment of an office in New Delhi.

 

It named Anita Marangoly George as managing director (MD), South Asia, to be based in the newly-established New Delhi office, and stated its commitment to invest US$150 million in renewable energy in India, a first for the pension plan in growth markets.

 

We believe India stands out as an exceptional country to invest in, given the scope and quality of investment opportunities, the potential for strategic partnerships with leading Indian entrepreneurs, and the current government’s intention to pursue essential economic reforms.

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