Emerging markets will become more important for CPPIB, says CEO Mark Machin

For Canada Pension Plan Investment Board (CPPIB), which manages one of the world’s largest pension funds, India is emerging as an important investment destination. CPPIB, which began investing in India in 2009, has total investments of about C$7 billion ($5.23 billion) in the country. Mark Machin, president and chief executive of the CPPIB, and Vikram Gandhi, a senior adviser to CPPIB, comment in an interview on investments in internet companies, the good and the bad of the India opportunity and about the country’s importance for the pension fund. Edited excerpts: