1. India Inc’s investment overseas down 15% to $1.34 billion in August

India Inc’s investment overseas down 15% to $1.34 billion in August

India Inc's foreign direct investment (FDI) fell by about 15 per cent to $1.34 billion in last month, according to the Reserve Bank data. The overseas investment by Indian companies in August last year ago stood at $1.57 billion.

By: | New Delhi | Published: September 12, 2017 4:03 PM
India Inc, India, investment, August The investment break-up included 4.14 million in the form of guarantees issued, 4.44 million and loan and 0.68 million as equity infusion.

India Inc’s foreign direct investment (FDI) fell by about 15 per cent to $1.34 billion in last month, according to the Reserve Bank data. The overseas investment by Indian companies in August last year ago stood at $1.57 billion.

The foreign investments were also down sequentially when compared with $1.77 billion July this year, showed the Outward Foreign Direct Investment (OFDI) data of RBI.

The investment break-up included $944.14 million in the form of guarantees issued, $184.44 million and loan and $210.68 million as equity infusion.

Among major investors, Wipro Ltd invested $500 million in a wholly owned unit in the US and Sintex-BAPL Ltd, $102.50 million in a joint venture in Netherlands.
Tata Communications invested $78.75 million in a wholly owned subsidiary in Singapore and ONGC Videsh Ltd, $55.54 million in various joint ventures in Myanmar, Russia and
Vietnam.

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