February 11, 2020

Microfocus

Embracing ingenuity

India Inc’s foreign investment jumps 40% to $2.10 bn in January: RBI

Investments by Indian firms in foreign countries in January 2020 rose by nearly...



Investments by Indian firms in foreign countries in January 2020 rose by nearly 40 per cent to $2.10 billion on a yearly basis, according to data by the Reserve Bank.


Indian companies had invested $1.47 billion in their overseas ventures in the same month a year ago.



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


Of the total capital invested by the India Inc in January this year, $793.82 million was in the form of equity capital, $368.55 came in as debt capital, while the rest $890.75 million was through the issuance of guarantee.


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



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