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05
September 2018
 |
FDI
(The Total Investment & Insurance Solutions)
Investment
by Indian companies in their overseas ventures fell year-on-year for 16 months
in a row resulting in a cumulative fall of 53 per cent to $25 billion from $54
billion in the year-ago period, as per the Reserve Bank data.
The
total investment by domestic companies in their ventures abroad during the last
16 months between April 2017 and July 2018 stood at $25.48 billion, a decline
of 53 per cent from $54.18 billion in the year-ago period between April 2016
and July 2017. The Total Investment
& Insurance Solutions
The
year-on-year declining trend continued for July with Indian companies'
investment in their joint ventures and wholly-owned subsidiaries abroad
registering a fall of 36 per cent to $1.39 billion in July 2018 as against
$2.17 billion in July 2017. The Total
Investment & Insurance Solutions
In
June, the investment by Indian companies in their overseas ventures had fallen
by 62 per cent year-on-year to $2.07 billion from $5.39 billion, as per the
monthly summary on Outward Foreign Direct Investment (OFDI) by the Reserve Bank
of India (RBI). The Total Investment
& Insurance Solutions
A
review of the monthly data on overseas direct investment by the apex bank
reflects a continuous decline of year-on-year figures since April 2017 when it
had fallen about 44 per cent to $3.15 billion in April 2017 from $5.61 billion
in April 2016. The Total Investment
& Insurance Solutions
Of the
$1.39 billion investment in July by domestic companies in their ventures
outside the country, $608.52 million was in the form of equity capital, $406.74
million through loan and $371.86 million as issuance of guarantees.
The
major investors in July 2018 were Shree Cement Ltd with an investment of $297.8
million in its wholly-owned subsidiary in United Arab Emirates, Serum
International B.V. $187.39 million in Netherlands, JSW Steel $110.8 million in
Netherlands, Sterlite Technologies Ltd $66.67 million in Italy, InterGlobe
Enterprises Pvt Ltd $54.65 million in United Kingdom and JSW Steel $50.47
million in the United States of America.The
Total Investment & Insurance Solutions
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