November 21, 2024
India Inc's foreign investment jumps 40 per cent to US$ 2.10 billion in January
Economy

India Inc’s Foreign Investment Jumps 40 % to US$ 2.10 Billion in January

According to the data by the RBI, the investments made by Indian firms in foreign countries in January 2020 increased by nearly 40 per cent to US$ 2.10 billion on a yearly basis.

By Kautilya / February 14, 2020

According to the data by the RBI, the investments made by Indian firms in foreign countries in January 2020 increased by nearly 40 per cent to US$ 2.10 billion on a yearly basis.

Investment made by the Indian companies in their overseas ventures in same month a year ago stood at US$ 1.47 billion.

January investments were higher than US$ 1.99 billion in December 2019, showed the RBI data on ‘Outward Foreign Direct Investment (OFDI)’

Out of the total capital invested by the India Inc in January 2020, US$ 793.82 million was in the form of equity capital, US$ 368.55 came in as debt capital, whereas the rest US$ 890.75 million was through the issuance of guarantee.

Among the major investors were Bharti Airtel Ltd which invested in US$ 247.5 million in its wholly owned subsidiary (WoS) in Mauritius, Serum Institute of India also invested US$ 226.07 million in a WoS in the Netherlands and Allcargo Logistics US$ 88.08 million in a wholly owned unit in Belgium.

Source: IBEF

Image Courtesy: The Hindu Business Line

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