The Reserve Bank of India (RBI) in its latest report 'Outward Foreign Direct Investment (OFDI)' showed that investments by Indian firms in foreign countries rose by 42.85 percent to $2.10 billion in January 2020 as compared to $1.47 billion in the same month a year ago.
According to the report, January investments were higher than $1.99 billion in December 2019. Out of the total capital invested by India Inc in January this year, $793.82 million was in the form of equity capital, $368.55 million came in as debt capital, while the rest $890.75 million was through the issuance of the guarantee.
The report also said that among the major investors was Bharti Airtel which pumped in $247.5 million in its wholly-owned subsidiary (WoS) in Mauritius; Serum Institute of India $226.07 million in a WoS in the Netherlands and Allcargo Logistics $88.08 million in a wholly-owned unit in Belgium.