1. India Inc overseas direct investment plunges 47% to $1.77 bn

India Inc overseas direct investment plunges 47% to $1.77 bn

India Inc's overseas direct investment fell over 47 per cent to $1.77 billion during July 2017, the RBI data showed today.

By: | Mumbai | Published: August 23, 2017 9:03 PM
India Inc, indian companies fdi, fdi in companies, overseas direct investment in companies Of the total investments in foreign ventures by Indian companies overseas, 0.66 million was in the form of issuance of guarantee, 3.81 million as loan and 3.55 million was part of equity investment. (PTI)

India Inc’s overseas direct investment fell over 47 per cent to $1.77 billion during July 2017, the RBI data showed today. Indian companies had invested $3.35 billion in the same month of last year. Of the total investments in foreign ventures by Indian companies overseas, $900.66 million was in the form of issuance of guarantee, $513.81 million as loan and $353.55 million was part of equity investment. In preceding month June 2017, the outward foreign direct investment stood at $1.11 billion. Among major investors, SAS Hotels and Enterprises put in $360 million into a wholly owned subsidiary in Singapore; Intas Pharmaceuticals $68.66 million in two separate tranches in wholly owned units in Spain and the UK. While ONGC Videsh Ltd invested a sum of $51.88 million in its various joint ventures located in Vietnam, Russia and Myanmar.

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