With the stable market conditions and the significant impact created by Indian companies on local economies, the industry body, Confederation of Indian Industry (CII) has said that Indian companies’ overseas investments are likely to go up.
The industry chamber, citing a World Investment Report of UNCTAD, has said that India’s total cumulative stock of overseas foreign direct investment (OFDI) amounted to $155 billion in 2017. It also said that Indian companies have been working with the local communities while investing abroad, generating substantial employment and creating benefits for the host economies.
CII tracks overseas investments by Indian companies in major countries to provide insights about their scale and performance and the impact they have on these economies. These surveys have been conducted in the US, the UK, China, South Africa, and Germany. As per its various surveys, the major sectors of interest for Indian companies in these countries are information technology (IT), pharmaceuticals, manufacturing, automotive, financial services, and business services, among others.
