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Ascendas announces new CEO for India Operations
BANGLORE :Leading business space solutions provider, Ascendas is pleased to announce the appointment of Mr Lee Fu Nyap as Chief Executive Officer of Ascendas India Operations, effective 1 October 2013. Mr Lee, who is currently Assistant CEO of Ascendas India operations, will succeed Mr Thomas Teo, who is relocating to Ascendas’ headquarters in Singapore to assume his role as Chief Real Estate Development Officer.
Mr Lee has served Ascendas for more than 15 years and has been based in India for the past 8 years in various senior leadership roles.
Mr Lee is familiar with India and has played a crucial role in establishing Ascendas’ landmark project International Tech Park Chennai. He had also contributed significantly towards managing Ascendas’ portfolios in India and will be driving the organisation’s expansion plans in the country.
Commenting on Mr. Lee’s appointment, Mr. Jonathan Yap, Assistant Group CEO, Overseas Funds and India said, “India is among Ascendas’ largest market overseas and we are happy that Fu Nyap is stepping up to lead India Operations. Fu Nyap’s deep seated industry experience and understanding of the Indian market is critical in growing Ascendas India and navigating it through the challenges and opportunities ahead. We thank Thomas for his contribution and are glad that his experience in India will be useful in his new role at the Group level.”
Ascendas is close to completing over two decades of operations in India. From initially just 69 acres in Bangalore, Ascendas currently has over 1,500 acres of development spread across six cities in India. With 7 operational IT parks catering to over 330 clients and 77,000 skilled professionals, Ascendas is now also focusing on developing integrated projects with sector specific SEZs, commercial, residential and supporting social amenities in Chennai and Gurgaon.
Profile of Mr Lee Fu Nyap – CEO, India Operations (Effective October 1, 2013)
Mr Lee Fu Nyap rejoined the Ascendas Group in 2005, and is CEO – India Operations. Mr Lee has about twenty years of regional real estate experience in valuation, investment, operation, development and portfolio asset management. Mr Lee has in-depth knowledge and experience in developing and managing business in India, China, Indonesia, Malaysia, Phillipines, Thailand and Singapore, where he spearheaded some of the flagship projects of Ascendas.
Other than Ascendas Group, Mr Lee has worked with Keppel Land International Pte Ltd where he was instrumental in setting up two residential projects in Bangalore and with Inland Revenue Authority of Singapore where he conducted valuation exercise for property tax purpose.
Mr Lee’s involvement with India dates back to the early days of International Tech Park Bangalore in 1994 and has also played a crucial role in establishing Ascendas’ International Tech Park Chennai.
Mr Lee holds a Bachelor of Science in Estate Management (Honours) from the National University of Singapore and a Masters degree in Business Administration from Leicester University.
Mr Lee is based out of the Ascendas India HQ in Bangalore.
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Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
