Direct investment abroad by India Inc up 48% in May at $2.7 bn

Direct investments by Indian corporations overseas augmented by forty eight.2 p.c year-on-year to USD two.69 billion in could, in line with the run information. that they had invested with USD one.82 billion in their overseas ventures in same month of last year. However, the overseas direct investment in could was a lot of less than USD four.11 billion in Apr this year.

The investments by the Indian corporations were a mixture of issuing of guarantees (USD one.95 billion), loans (365.93 million) and equity (USD 383.71 million). The outstanding investors overseas throughout the month embrace Videocon Oil Ventures USD 204.08 million, Videocon Industries USD a hundred forty five million and Larsen & Toubro Ltd USD a hundred and forty four.48 million. Among different major investors area unit JSW Steel   USD eighty one.50 million and city Asian country commercialism Corporation USD sixty six.3 million.

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