To mark the occasion, CapitaLand announced plans to open two more malls in India, over the next three years. The two upcoming malls — Forum, Mysore and Forum, Cochin — will be opened next year and in 2019, respectively. “In Asia, India is the next big retail prize after China,” says Jason Leow, CEO of CapitaLand Mall Asia, CapitaLand’s wholly-owned shopping mall business. “India attracted over US$39 billion (S$53 billion) worth of foreign investments in 2015, a 37% increase compared with 2014,” says Lee Chee Koon, CEO, Ascott. “India thus presents opportunities for CapitaLand to share our expertise in real estate development and management.”Shares of CapitaLand closed 0.6% lower at S$3.17 on Wednesday.

Source: The Edge Markets October 06, 2016 00:33 UTC