RBI released data recently and according to it Indian companies invested $ 1.94 billion overseas in August, informs Sachin Karpe.
Some of these industries are Alok Industries, Simplex Infrastructures, Tata Petrodyne, Cadilla Healthcare, Piramal Enterprises, Mercator and Bharti Airtel, Sachin karpe, citing a media source.
Alok Industries invested $165.22 million in wholly-owned units in the United Arab Emirates and the US, in companies involved in retail trade, manufacturing and restaurants.
While Tata Power invested $36.89 million in 2 wholly owned subsidiaries in Mauritius and Singapore, Mercator invested $40.75 million in Singapore, said Sachin Karpe.
Piramal Enterprises routed its investment of $48.41 million in Switzerland and a joint venture in US.
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- IFC to Offer $1 Billion Rupee Bonds to Fund Investments – Bloomberg (bloomberg.com)
- As maestro rides into the sunset, Team India must get used to life after Sachin – Times of India (timesofindia.indiatimes.com)