Overseas Investments or outward foreign direct investments by the Indian firms in the month of September fell to $1.24 billion from $3.12 billion in the same month last fiscal, according to the RBI data. The overseas investments in the month of August 2015 stood at $2.19 billion.
The total outward foreign direct investment of $1.24 billion was in the form of equity, loan and issue of guarantee. Of the total investment equity, loan and issue of guarantee stood at $137.25 million, $365.83 million and $738.25 million respectively in the month of September 2015 as compared to $317.66 million, $238.30 million and $2567.50 million respectively during September 2014.
Major overseas investors during the month were Ultratech Cement in Middle East with investment of $ 234.39 million for manufacturing, Tata Power Company in Singapore for electricity, gas and water activity with investment of $90 million, Tata Communications in Singapore with investment of $67.95 million for communication services. Other investors include WNS Global Services in UK and Zensar Technologies in US for business services with an investment of $25.48 million and $20.5 million respectively.