Friday, May 14

Overseas financial investment by Indian corporations dips 42% to $1.45 billion in December: RBI knowledge

Overseas financial investment by Indian corporations dips 42% to $1.45 billion in December: RBI knowledge


MUMBAI: Abroad investment decision by domestic companies fell by about 42 for each cent to $1.45 billion in December 2020, according to Reserve Financial institution information.
In the 12 months-in the past period, organizations in India had invested $2.51 billion in their international corporations (joint ventures/wholly-owned units).
In November 2020, the complete outward overseas immediate investment (OFDI) was of $1.06 billion, down by 27 per cent from a thirty day period back period of time.
Of the whole FDI financial investment by the Indian organizations all through the month below evaluate, $775.41 million was in the sort of equity infusion and $382.91 million was in the form of bank loan.
Investment of $287.63 million was in the sort of issuance of guarantee, as per the knowledge.
Among main buyers, ONGC Videsh Ltd invested a total of $131.85 million in joint ventures and wholly-owned subsidiaries in Myanmar, Russia, Vietnam, Colombia, British Virgin Islands among the other people.
Intas Prescription drugs invested $75.22 million in a wholly-owned subsidiary in the British isles and Tata Consultancy Services invested $27.77 million in a wholly-owned unit in Eire.



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