Overseas Investments or outward foreign direct investments by the Indian firms in the month of July rose by 60.8% to $ 2.30 billion from $1.43 billion in the same month last fiscal. According to the RBI data, the overseas investments in the month of June 2016 were at $1.86 billion.
The total outward foreign direct investment of $2.30 billion was in the form of equity, loan and issue of guarantee. Of the total investment equity, loan and issue of guarantee stood at $916.07 million, $489.42 million and $892.93 million respectively in the month of July 2016, as compared to $336.38million, $211.38 million and $881.60 million respectively during July 2015.
The major investors overseas during the month included Sanmar Group International, invested $ 962.23 million in a wholly owned unit in Switzerland, and New Delhi Television (NDTV) which invested $ 111.13 million in a UK-based wholly owned subsidiary. Vedanta and Vadinar Oil Terminal invested $ 610 million and $ 100 million respectively in their wholly-owned and joint venture firms in Mauritius.