Indian firms had made FDI of USD 5.47 billion in March last year. In February of this year FDI stood at USD 2.51 billion.
MUMBAI – Foreign Direct Investment (FDI) made by Indian industry in the overseas markets fell 59 per cent to USD 2.27 billion last month.
Indian firms had made FDI of USD 5.47 billion in March last year. In February of this year FDI stood at USD 2.51 billion.
According to Reserve Bank release today, of the total FDI by Indian companies last month, USD 1.50 billion consisted of guarantees issued, USD 214.39 million was in the form of loan and rest of USD 559.16 million went into equities.
Reliance Energy Generation & Distribution invested USD 270.45 million in its wholly owned unit in Mauritius, Infosys Ltd USD 214.65 million in the US, and Reliance Industries Ltd USD 121.16 million in Singapore.
JSW Steel invested a total of USD 47.77 million in four separate ventures based in Chile, Mauritius, The Netherlands and the US.
Jasper Infotech Pvt Ltd, the owner of e-kart firm Snapdeal made an investment of USD 43.72 million in a joint venture based in Singapore.
