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India Inc's foreign investment jumps 40% to $2.10 bn in January: RBI

Indian companies had invested $1.47 billion in their overseas ventures in the same month a year ago

Press Trust of India  |  Mumbai 

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Investments by Indian firms in foreign countries in January 2020 rose by nearly 40 per cent to $2.10 billion on a yearly basis, according to data by the Reserve Bank.

Indian companies had invested $1.47 billion in their overseas ventures in the same month a year ago.

Compared monthly, January investments were higher than $1.99 billion in December 2019, showed the RBI data on 'Outward Foreign Direct Investment (OFDI)'.

Of the total capital invested by the in January this year, $793.82 million was in the form of equity capital, $368.55 came in as debt capital, while the rest $890.75 million was through the issuance of guarantee.

Among the major investors were Bharti Airtel Ltd which pumped in $247.5 million in its wholly owned subsidiary (WoS) in Mauritius; Serum Institute of India $226.07 million in a WoS in the Netherlands and Allcargo Logistics $88.08 million in a wholly owned unit in Belgium.

First Published: Tue, February 11 2020. 15:52 IST
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