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Unlisted companies received larger share of FDI equity in FY15: RBI

The annual census on foreign liabilities and assets (FLA) covers the Indian companies which submit information on their overseas liabilities and assets arising on account of foreign direct investment (FDI) in the country, their overseas direct investment (ODI) and other investments.

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Reserve Bank of India
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The Reserve Bank on Friday said unlisted companies had a larger share of foreign direct investment (FDI) equity capital at Rs 3,46,090 crore at face value as compared to listed companies at Rs 11,700 crore in 2014-15.

The share of non-financial companies in total foreign equity participation was much larger at Rs 3,02,950 crore at face value as compared with financial companies at Rs 54,840 crore, as per the data released by RBI on Friday.

RBI released data related to the Census on Foreign Liabilities and Assets of Indian Direct Investment Companies for 2014-15.

The annual census on foreign liabilities and assets (FLA) covers the Indian companies which submit information on their overseas liabilities and assets arising on account of foreign direct investment (FDI) in the country, their overseas direct investment (ODI) and other investments.

In the 2014-15 round of FLA census, 17,642 companies reported, of which 16,242 companies had FDI/ODI in their balance sheet in March 2015.

Equity participation had a much larger share at 94.1% than debt in total inward FDI, which stood at Rs 19,62,970 crore at market value in March 2015 at Rs 15,06,260 crore a year ago.

Total ODI was placed at Rs 5,32,010 crore at market value Rs 5,58,080 crore a year ago. Under ODI too, equity participation had a large share at 79.2%, the data showed.

The ratio of outward to inward direct investment, at market value, declined from 37.1% to 27.1% over this period.

Among the source countries for FDI, Mauritius had the largest share at 21.9% followed by the US at 16.9%, the UK at 15.3%, Singapore at 9.5% and Germany at 8%. 

The destination for ODI of Indian companies was largely shared by Singapore at 24.7%, Mauritius 15%, Netherlands at 13% and USA at 11.8%.

The data showed both manufacturing and services sectors attracted foreign equity participation.

"Total FDI stock at market value in the manufacturing and services sectors stood at Rs 10,20,810 crore in March 2015 and Rs 7,74,840 crore, respectively," it said.

Total sales, including exports, of overseas subsidiaries increased by 12.6% to Rs 3,52,970 crore in FY15. The total value of their purchase, including imports, increased by 15.3% to Rs 2,69,240 crore in FY15. Their purchase-to-sales ratio was 76.3%.

Total exports of foreign subsidiaries companies increased by 15.2% to Rs 5,63,740 crore in FY15. 

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