India's Foreign Investment
India Inc's foreign investment jumps over two-folds to $2.51 billion in April 2021
As per the data from the Reserve Bank on Monday, in the first month of the current fiscal, India Inc's foreign investment jumped by more than two-times year-on-year to USD 2.51 billion; Indian investors had committed USD 1.21 billion worth of outward foreign direct investment (OFDI) in April 2020.
The RBI data on OFDI for the month of April 2021 showed that in April this year the Indian company owners committed a total of USD 2.51 billion, out of which USD 1.75 billion was in the form of loan, USD 421.42 million as equity capital and USD 333.11 million was chipped in through issuance of guarantee.
In March 2021, Indian companies made investment of over 1.99 billion in their overseas ventures.
Among the major investors, Tata Steel invested USD 1 billion in its wholly owned subsidiary in Singapore, Interglobe Enterprises Pvt Ltd invested USD 145.61 million in a joint venture based in the UK and Reliance Industrial Investments & Holdings Ltd committed USD 78.52 million in a fully owned unit in the UK.
Reliance Industries alongside Reliance Brands invested a sum of USD 91.56 million in various wholly owned subsidiaries and joint ventures based in the UK, Singapore, the UAE and the USA.
Varroc Engineering put in USD 65.5 million in a wholly owned unit in the Netherlands and Motherson Sumi Systems invested USD 41.70 million in a fully owned firm in the UAE, showed the data.