Companies get repatriated dividend of $4b in last three fiscals

Tags: Companies
As much as $4.03 billion was repatriated as dividend and $1.2 billion profit was made in the last three financial years by Indian firms making investments abroad.

"During the last three years, from April 1, 2011 to March 31, 2014, $4,028.06 million was repatriated as dividend and $1,204.78 million as profit by these companies," according to official data.

The Indian firms made total investment of $271.02 billion during this period.

As many as 7,430 firms have been investing in foreign countries, according to the data.

These kind of investments made by Indian companies abroad are either under the automatic route or the approval route.

Such companies can make investments overseas by way of contribution to the capital or subscription to the memorandum of a foreign entity or by way of purchase of existing shares of a foreign entity either by market purchase or private placement or through stock exchange.

However, with respect to countries such as Pakistan investment is allowed under the approval route only.

Investments in Nepal can be only in Indian rupees. Investments in Bhutan are allowed in Indian Rupees and in freely convertible currencies.

In June this year, overseas direct investment by Indian firms rose by over 60.7% year-on-year to $5.03 billion.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Changes to FDI investment norms for housing look cosmetic

    The policy measures announced on Wednesday for facilitating greater participation of foreign direct investment (FDI) in the real estate sector do not

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Energy conservation through feedback

In households across the world, people use electric energy not ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture