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India Inc's foreign investments zoom 61 percent to $2.3 billion in July

 Direct investments by Indian firms abroad rose by 60.8 percent to USD 2.30 billion in July 2016, according to RBI data.


India Inc's foreign investments zoom 61 percent to $2.3 billion in July

Mumbai: Direct investments by Indian firms abroad rose by 60.8 percent to USD 2.30 billion in July 2016, according to RBI data.

Indian companies had invested USD 1.43 billion in their overseas ventures in July 2015. The figure stood at USD 1.86 billion in June 2016.

The investments were in the form of issuance of guarantees (USD 892.93 million), loans (489.42 million) and equity (USD 916.07 million).

Prominent investors during the month included Sanmar Group International, investing USD 962.23 million in a wholly owned unit in Switzerland, and New Delhi Television (NDTV), investing

USD 111.13 million in a UK-based wholly owned subsidiary.

Vedanta and Vadinar Oil Terminal invested USD 610 million and USD 100 million respectively in their wholly-owned and joint venture firms in Mauritius.

From Zee News

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