Ascendas-Singbridge ropes in Temasek as investor for $300m India logistics programme

Photo from Ascendas-Singbridge Group.

To tap into opportunities in the Indian logistics sector, Singapore-based Ascendas-Singbridge Group has launched the Ascendas India Logistics Programme in which Singapore investment firm Temasek has come on board as a principal investor.

Temasek and Ascendas-Singbridge Group have jointly committed Rs 2,000 crore (around $300 million) to invest in logistics and industrial real estate in key locations in India.

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