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Foreign investment: Foreign direct investment of Indian companies declined by eight per cent to $2.05 billion in December of the current fiscal. According to the data released by the Reserve Bank of India (RBI) on Monday, domestic companies had invested $ 2.23 billion in their foreign joint ventures and wholly owned subsidized companies during December 2020.
According to the foreign direct investment data released by the Reserve Bank for December 2021, out of the total investment made abroad by Indian companies during December, $1.22 billion was invested in the form of guarantee. Apart from this, $463.9 million was equity participation and $361.7 million was invested through loan.
ANI Technologies are among the major investors who have invested in their overseas ventures. Also, the promoters of Ola have invested $675 million in their wholly owned subsidiary in Singapore. At the same time, Dr. Reddy’s invested Rs 14.99 crore in a joint venture in the US.
Reliance New Energy Solar Ltd. together invested $168.6 million in its joint venture and wholly owned subsidiaries in Germany and Norway. GAIL India invested $701 million in joint ventures and wholly owned entities in Myanmar and the US.
Know what is the condition of FPI?
Foreign portfolio investors (FPIs) have poured Rs 3,202 crore into the Indian stock markets in the first week of January. Due to the ‘correction’ in the market, the investment flow of FPIs has improved. Market experts say that due to the possibility of a hike in interest rates by the US Federal Reserve going forward, rising concerns about Omicron and high inflation levels, the flow of FPIs to the Indian markets will be volatile.
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