1. India Inc’s overseas investment dips 32% at $1.23 billion in July: RBI

India Inc’s overseas investment dips 32% at $1.23 billion in July: RBI

Total investments by Indian firms overseas fell by 32 per cent to USD 1.23 billion in July this year over the same month last year, according to the Reserve Bank of India (RBI) data released today.

By: | Mumbai | Published: August 21, 2015 8:37 PM
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Total investments by Indian firms overseas fell by 32 per cent to USD 1.23 billion in July this year over the same month last year, according to the Reserve Bank of India (RBI) data released today. (Express Photo)

Total investments by Indian firms overseas fell by 32 per cent to USD 1.23 billion in July this year over the same month last year, according to the Reserve Bank of India (RBI) data released today.

Indian companies had invested USD 1.81 billion in their overseas ventures in July 2014. In June 2015, Indian companies had invested USD 1.65 billion in overseas markets.

The investments were a mix of issuance of guarantees (USD 715.45 million), loan (USD 205.31 million) and of equity (USD 313.93 million).

Among major investors, Manipal Health Systems Pvt Ltd invested USD 108.8 million in a joint venture in Singapore, Ballarpur Industries USD 75.08 million in a wholly-owned manufacturing facility in the Netherlands.

Software firm Mindtree Ltd a total of USD 59.79 in two tranches in its wholly owned subsidiaries (WoS) in the US and the UK.

Of the others key investors, Manipal Global Education Services made an investment of USD 44 million in a wholly owned unit in Mauritius, Marksans Pharma USD 31 million in a WoS in the US, VA Tech Wabag USD 32.73 million in its JVs in Oman and Thailand.

Wipro Ltd invested USD 30 million in its WoS in the US.

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