India Inc’s foreign investment doubles to $3.02 bn in Sep
India Inc’s overseas direct investment in September 2014 more than doubled from a year ago period to USD 3.02 billion, the Reserve Bank data showed.
Total investment abroad by Indian firms were at USD 1.43 billion in September 2013.
In the previous month August, the Indian companies had undertaken investments of USD 1.25 billion in overseas markets.
The investments were a mix of issuance of guarantees (USD 2.53 billion), loan (USD 257.60 million) and of equity (USD 232.59 million).