India Inc.’s Foreign Investment Jumps 40% To $2.10 Billion In January
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Inc.’s Foreign Investment Jumps 40% To $2.10 Billion In January

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Investments by Indian firms in foreign countries in January 2020 rose by nearly 40 percent 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'.

Also read: India Inc. Needs To Come Out Of ‘Self Doubt’ Mood, Unleash Animal Spirit: Nirmala Sitharaman

Of the total capital invested by India Inc. 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 the guarantee.

Among the major investors was Bharti Airtel Ltd. which pumped in $247.5 million in its wholly-owned subsidiary 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.

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