14 February , 2020 Fdiindia
Foreign Investments By Indian Firms Rises 40% To $2.10 Bn In January
As per the data presented by the Reserve Bank of India, investments made by Indian companies in foreign countries surged to USD 2.19 billion on a yearly basis by nearly 40 per cent increase in January 2020.
Indian firms had invested USD 1.47 billion in foreign ventures in the same month a year ago.
The RBI data on ‘Outward Foreign Direct Investment’ (OFDI) that are compared monthly showed that investments in the month of January were higher than USD 1.99 billion in December 2019.
The total capital invested by Indian Inc in the first month this year were distributed as follows:
One of the biggest investors was Bharti Airtel Ltd. That put in USD 247.5 million in its wholly owned subsidiary (WoS) in Mauritius; Serum Institute of India USD 226.07 million in a WoS in the Netherlands and Allcargo Logistics USD 88.08 million in a wholly owned unit in Belgium.
Talking about foreign direct investment in India, earlier this week, the government informed the Parliament that India was the recipient of foreign direct investment or FDI worth USD 464.444 million in the food processing sector in the first half of the current fiscal year.