Unlisted cos had larger share of FDI equity in FY15: RBI

The Reserve Bank today said unlisted companies had a larger share of foreign direct investment (FDI) equity capital at Rs 3,46,090 crore at face value as compared to listed companies at Rs 11,700 crore in 2014-15.
The share of non-financial companies in total foreign equity participation was much larger at Rs 3,02,950 crore at face value as compared with financial companies at Rs 54,840 crore, as per the data released by RBI today.
RBI released data related to the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies for 2014-15.
The annual census on foreign liabilities and assets (FLA) covers the Indian companies which submit information on their overseas liabilities and assets arising on account of foreign direct investment (FDI) in the country, their overseas direct investment (ODI) and other investments.

In the 2014-15 round of FLA census, 17,642 companies reported, of which 16,242 companies had FDI/ODI in their balance sheet in March 2015.
Equity participation had a much larger share at 94.1 per cent than debt in total inward FDI, which stood at Rs 19,62,970 crore at market value in March 2015 at Rs 15,06,260 crore a year ago.

Total ODI was placed at Rs 5,32,010 crore at market value Rs 5,58,080 crore a year ago. Under ODI too, equity participation had a large share at 79.2 per cent, the data showed.
The ratio of outward to inward direct investment, at market value, declined from 37.1 per cent to 27.1 per cent over this period.

Among the source countries for FDI, Mauritius had the largest share at 21.9 per cent followed by the US at 16.9 per cent, the UK at 15.3 per cent, Singapore at 9.5 per cent and Germany at 8 per cent.
The data showed both manufacturing and services sectors
attracted foreign equity participation.
"Total FDI stock at market value in the manufacturing and services sectors stood at Rs 10,20,810 crore in March 2015 and Rs 7,74,840 crore, respectively," it said.
Total sales, including exports, of overseas subsidiaries increased by 12.6 per cent to Rs 3,52,970 crore in FY15.
The total value of their purchase, including imports, increased by 15.3 per cent to Rs 2,69,240 crore in FY15. Their purchase-to-sales ratio was 76.3 per cent.

Total exports of foreign subsidiaries companies increased by 15.2 per cent to Rs 5,63,740 crore in FY15.