As one of Asia’s economic powerhouses, India is the seventh largest economy in the world. Ascendas-Singbridge invests in business spaces such as offices, integrated developments, and logistics and industrial developments in India through its private equity funds, Ascendas India Growth Programme (AIGP) and Ascendas India Logistics Programme (AILP).
AIGP was launched in 2013 with GIC as the principal investor. AIGP's strategy is to invest in greenfield and brownfield office developments in India including their complementary uses such as residential, retail and hospitality. AIGP targets investments in the Tier 1 cities of Bangalore, Chennai, Delhi National Capital Region, Hyderabad, Mumbai and Pune.
AILP was launched in 2018 with Temasek Holdings as the principal investor. The Programme targets to develop a portfolio of logistics and industrial spaces in key warehousing and manufacturing hubs in Mumbai, National Capital Region, Pune, Chennai, Bangalore, and Ahmedabad, among others.
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