Indias overseas investment declines 58% in Oct: RBI
The Dollar Business Bureau The overseas investments by Indian companies declined by around 58% to $1.35 billion in the month of October on year-on-year basis, according to the data by Reserve Bank of India (RBI). In October last year, the total overseas foreign direct investment (FDI) by Indian firms was $3.2 billion. The investments were also recorded a decline on monthly basis, down from $2.65 billion in the month of September this year. The major Indian investors include Ceres Estate, Indian Designs Exports, CG Power and Industrial Solutions, ONGC Videsh, OIL India, Gail (India), Cadila Pharmaceuticals, Cipla, Wipro Enterprises, Ramco Systems and Piramal Enterprises. The country’s exports remained flat at $13.73 billion in the month of September compared to same month last year, while the imports into the ...
Singapore appeared to be the preferred investment destination for Indian firms
The Dollar Business Bureau Overseas Direct Investments made by Indian firms inflated to $2.49 billion in December 2016.This is the first country-wise investment report issued by the RBI. The figures show that investment increased by 32 percent when compared with the same month a year ago. In December 2016, as stated by RBI’s Outward foreign direct investment report, Indian businesses invested over 82.5 percent (i.e. $2.06 billion) of their total investments abroad. Apart from Singapore, the other countries where Indian firms preferred to invest are UK ($916.47 million), Mauritius ($899.39 million), the US ($368.76 million), the Netherlands ($262.52 million) and the United Arab Emirates ($89.05 million). As things stand, Singapore appeared to be the preferred country for investment. It is also detailed in the ...
'FDI cap in defence, banking to keep fly-by-night operators away'
The Dollar Business Bureau The Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman addressing at the felicitation of the 1.25 Million International Registration Number (IRN) Certificate for Trade Mark and Madrid Seminar, in New Delhi on July 20, 2015. Source: PIB, Government of India Putting a cap on overseas investment in defence and banking sectors will keep fly-by-night operators away from investing in these areas, said the government on Monday. Union Minister of State for Commerce and Industry Nirmala Sitharaman on Monday clarified the new foreign direct investment (FDI) norms, saying that defence and banking sectors have been kept away from the list of composite cap, because the government does not want investors looking for quick money ...
