Overseas investment by domestic firms stood at USD 2.37 billion in February 2020 as per the data available with the Reserve Bank of India (RBI).

 

In February 2019, companies in India invested USD 2.36 billion. In January 2020, domestic companies invested USD 2.23 billion in their foreign firms (joint ventures/wholly-owned units).

 

Of the total investments in February 2020, USD 1.16 billion was in the form of loans, USD 670.17 million was by way of issuance of guarantee while the rest USD 538.70 million was invested through equity, according to the data on Outward Foreign Direct Investment (OFDI) for February 2020.

 

Among the major investors, Bharti Airtel infused USD 978.92 million in a wholly-owned subsidiary in Mauritius. Tata Steel invested USD 162.19 million in a subsidiary in Singapore and Tata International pumped USD 112.99 million into a wholly-owned arm in Singapore.