 "India companies FDI jumps two-fold to $3 billion in March")
Foreign direct investment (FDI) by Indian companies in their overseas ventures jumped over two- fold to $2.99 billion last month.
Indian firms had made investments of $1.42 billion in their overseas joint-ventures/subsidiaries in March 2016.
Investments in March this year were much higher than the preceding month, February, at $867.53 million, the Reserve Bank data showed on Tuesday.
Their investment came in the form of equities $1.99 billion, loans of $742.60 million and issuance of guarantee worth $251.40 million.
Among major investors include Bharti Airtel with Ltd $765.20 million and Tata International Ltd, $179.22 million.
ONGC Videsh Ltd invested $75.49 million and WNS Global Services $53.78 million.
Indian firms had made investments of $1.42 billion in their overseas joint-ventures/subsidiaries in March 2016.
Investments in March this year were much higher than the preceding month, February, at $867.53 million, the Reserve Bank data showed on Tuesday.
Also Read
Among major investors include Bharti Airtel with Ltd $765.20 million and Tata International Ltd, $179.22 million.
ONGC Videsh Ltd invested $75.49 million and WNS Global Services $53.78 million.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%