India plans $500 billion electronics boost, 6 million jobs

CapitaLand India Trust (“CLINT”) has completed the acquisition of Building Q2, a 0.82 million sq ft multi-tenanted IT Non-SEZ office building located at Aurum Q Parc business park in Navi Mumbai, India, for a purchase price of approximately ₹6.76 billion2. In addition, an amount of approximately ₹0.30 billion is expected to be paid as deferred consideration, subject to achievement of pre-agreed business milestones by Aurum Ventures (seller). Building Q2 is fully leased to reputable Indian and multinational companies such as Mizuho Bank, DP World, ICICI Bank, Axis Security.