Overseas investment of Indian companies increases 3-fold to $7.64 bn in April: RBI

Overseas investment of Indian companies increases 3-fold
Reserve bank of India has reported that the investments made by Indian companies abroad have gone up over three times to USD 7.64 billion in April, from USD 1.89 billion in March.

As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, it said.

Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms during the month.

Read more about: dollar, overseas investment
Story first published: Friday, June 14, 2013, 9:22 [IST]
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