In April, Tata Steel invested $ 1 billion in its wholly owned subsidiary in Singapore. At the same time, Interglobe Enterprises Pvt. Ltd. Invested $ 14.56 million in a UK-based joint venture.
Foreign direct investment by Indian companies increased more than twice as much as $ 2.51 billion in April, the first month of the current financial year, compared to the same month last year. This information has been given in the latest data of the Reserve Bank of India. A year ago this figure was USD 1.21 billion.
Indian companies have committed a total of $ 2.51 billion in direct capital investment (OFDI) abroad in April. Of this, $ 1.75 billion was invested in the form of debt, $ 42.14 million as share capital and $ 33.31 million as a guarantee. This information was given in the OFDI data of RBI in April 2021. In March 2021, India’s OFDI invested 1.99 billion dollars.
In April, Tata Steel invested $ 1 billion in its wholly owned subsidiary in Singapore. At the same time, Interglobe Enterprises Pvt. Ltd. Invested $ 14.56 million in a UK-based joint venture. Reliance Industrial Investments and Holdings Limited announced an investment of $ 7.85 million in a wholly owned entity in the UK.
Reliance Industries, together with the Reliance brand, invested $ 9.15 million in wholly owned and joint ventures in the UK, Singapore, UAE and the US. In addition, Verok Engineering invested $ 56.5 million in the Netherlands-based unit and Motherson Sumi Systems invested $ 4.17 million in the UAE-based unit.
read this also –
More than 120 million iPhones were hacked in 2015, why is Apple still silent?