Signage for Temasek Holdings Pte is displayed in the lobby at the company’s headquarters as an employee passes through an electronic gate in Singapore. Photo: BloombergBengaluru: Singapore-based Ascendas-Singbridge Group and Temasek Holdings Pvt Ltd have jointly committed an investment of around $300 million in logistics and industrial real estate projects in India through the Ascendas India Logistics Programme. “We view the logistics and industrial sector as a good proxy to growing middle-income populations and transforming economies,” said Promeet Ghosh, managing director, India, Temasek. “With its institutional backing and local execution ability, Ascendas-Firstspace is the leading player in India’s logistics and industrial real estate sector,” said Aloke Bhuniya, CEO of Ascendas-Firstspace. “We are excited to further strengthen our position and are privileged to have the support of Ascendas-Singbridge and Temasek.”

Source: Mint June 06, 2018 17:03 UTC