India Inc's overseas investment rises 40% at over Rs 21,000 crore in January: RBI

Overseas investment by the Indian companies rose by 40.4% to $3.14 billion (Rs 21014.45 crore) in January 2016, the Reserve Bank data showed on Monday.

In January 2015, Indian companies had invested $2.24 billion in overseas markets. The investments were in the form of issuance of guarantees ($1.41 billion), loan ($193.05 million) and of equity ($1.54 billion).

The major investors include Emcure Pharma, Glenmark Pharma, Edelweiss Financial, Shree Renuka Sugara, Living Entertainment, Gujarat State Fertilisers and Chemicals, Infosys. Emcure Pharmaceuticals made an investment of $112.92 million during January in overseas market, Edelweiss Financial Services $100.85 million and Shree Renuka Sugars $100.5 million.

Among others include Glenmark Pharmaceuticals USD 86.82 million, Living Entertainment Enterprises USD 62.23 million, Gujarat State Fertilisers and Chemicals USD 41.1 million and Infosys USD 32.56 million.