Overseas investment by Indian firms at $2.28b in Nov

Overseas direct investment by Indian companies rose to $2.28 billion in November against $1.22 billion in the previous month, according to the RBI data released today.

JSW Steel, REI Agro, Larsen & Toubro, Pearl Global Industries, Dr Reddy's, TCS and Tafe Motors and Tractors were among the major investors which put money into their foreign units during the month.

JSW Steel invested a total $444.27 million in its wholly-owned subsidiary in the Netherlands and in a US-based joint venture.

REI Agro made an investment of $227.63 million in its wholly owned company in the United Arab Emirates which is into manufacturing.

Construction major Larsen & Toubro invested $160.80 million in its wholly owned unit in the UAE for business in financial services.

Pearl Global Industries, in two different investments, put $109.82 million into its wholly owned units in Bangladesh and Mauritius for retail, wholesale and hotel business.

Pharma firm Dr Reddy's invested $105 million in its wholly owned manufacturing business in Cyprus and Tata Sons made an investment of $89.60 million in wholly owned wholesale, retail trade and hotels business in the UK.

IT behemoth TCS invested $75.70 million in its wholly owned venture in the UK and Tafe Motors and Tractors made an investment of $57.79 million in a joint-venture in the US, according to the RBI data.

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E-mail ID will not be published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

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

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

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture