India Inc's overseas investment rises 40% at over Rs 21,000 crore in January: RBI
The major investors include Emcure Pharma, Glenmark Pharma, Edelweiss Financial, Shree Renuka Sugara, Living Entertainment, Gujarat State Fertilisers and Chemicals, Infosys.
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.