US among top 3 investment destinations for Indian corporates

Tags: News
Domestic corporates are now looking at the US, Singapore and the Britain as the top three new investment destinations for raising capital, says a survey.

"Indian corporates consider the US, Singapore, and Britain as the top three most strategically important countries for new sources of capital over the next five years," according to an investor relations survey conducted by American brokerage BNY Mellon.

The survey has revealed that as many as 92 per cent of the domestic companies ranked the US as the number one country for capital raising, followed by Singapore at 89 per cent, England 79 per cent and Hong Kong at the fourth place at 76 per cent.

However, as many as 72 per cent respondents consider the home market as the best place to raise capital and invest.

It can be noted that in 2012, India topped the table as the most strategically important investment destination but it has slipped to fifth slot in 2013.

"While domestic companies continue to raise money at home, there has been an acute shift in their geographical outlook towards international investment lately," BNY Mellon head of depositary receipts for Asia-Pacific Neil Atkinson said.

He said the with a strong government, the country could be poised for economic and financial reforms which could make it easier for domestic companies to access competitively priced international capital.

The survey said more companies will consider using depositary receipts to access global markets in 2015.

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E-mail ID will not be published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

  • Steps towards transparency in the real estate sector are long overdue

    Searching for black money in India’s real estate sector, which constitutes 11 per cent of the country’s $ 2 trillion GDP, is like searching for th

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

Reaping from the core of the earth

Geothermal energy is energy generated from inside the earth’s crust. ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture