Canada pension fund ready to invest $2 billion in Mumbai housing: Devendra Fadnavis

MUMBAI: Canada’s pension fund is ready to invest $2 billion in affordable housing in Mumbai, Maharashtra Chief Minister said, in a move that would boost Prime Minister Narendra Modi’s goal of providing cheap housing to millions of people.

“A week back, the Canadian ambassador…informed me that the Canadian pension fund is ready to invest $2 billion in Mumbai for affordable housing,” Devendra Fadnavis told reporters.

The Canada Pension Plan Investment Board opened an office in Mumbai this month and has already committed to invest more than $2 billion in India.