Overseas investment by Indian companies dips 42% to $1.45 billion in December: RBI data – Times of India


MUMBAI: Overseas investment by home companies fell by over 42 per cent to $1.45 billion in December 2020, in accordance to Reserve Bank data.
In the 12 months-in the past interval, companies in India had invested $2.51 billion in their overseas companies (joint ventures/wholly-owned items).
In November 2020, the whole outward overseas direct investment (OFDI) was of $1.06 billion, down by 27 per cent from a month in the past interval.
Of the whole FDI investment by the Indian companies in the course of the month beneath evaluation, $775.41 million was in the shape of fairness infusion and $382.91 million was in the shape of mortgage.
Investment of $287.63 million was in the shape of issuance of assure, as per the data.
Among main buyers, ONGC Videsh Ltd invested a complete of $131.85 million in joint ventures and wholly-owned subsidiaries in Myanmar, Russia, Vietnam, Colombia, British Virgin Islands amongst others.
Intas Pharmaceuticals invested $75.22 million in an entirely-owned subsidiary in the UK and Tata Consultancy Services invested $27.77 million in an entirely-owned unit in Ireland.

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