India Inc’s investment in their overseas joint-ventures/wholly owned firms declined by 69.41 percent to $866 million in January 2018, as compared $2,831.21 million in the same month a year ago. Outward foreign direct investment by Indian firms in December 2017 stood at $1,858.52 million.
According to the Reserve Bank of India’s data, the $866 million worth of investment during January 2018 was in the form of equity, loan and guarantee issued by the Indian firms. Of the total $866 million, the highest portion of $385.70 million was through equity infusion, followed by $192.38 million was in the form of loan and $287.92 million was part of guarantee issued.
Major investors include CG Power and Industrial Solutions invested $88.74 million in restaurants and hotel business, General Insurance Corporation $49.31 million and Satori Partners $23.42 million.
