MUMBAI: Investments by way of Indian companies in international nations in January 2020 rose by way of just about 40 in line with cent to USD 2.10 billion on a annually foundation, in step with knowledge by way of the Reserve Financial institution.
Indian corporations had invested USD 1.47 billion of their in a foreign country ventures in the similar month a 12 months in the past.
In comparison per thirty days, January investments had been upper than USD 1.99 billion in December 2019, confirmed the RBI knowledge on ‘Outward Overseas Direct Funding (OFDI)’.
Of the entire capital invested by way of the India Inc in January this 12 months, USD 793.82 million was once within the type of fairness capital, USD 368.55 got here in as debt capital, whilst the remaining USD 890.75 million was once in the course of the issuance of ensure.
A number of the primary buyers had been Bharti Airtel Ltd which pumped in USD 247.five million in its wholly owned subsidiary (WoS) in Mauritius; Serum Institute of India USD 226.07 million in a WoS within the Netherlands and Allcargo Logistics USD 88.08 million in an entirely owned unit in Belgium.