Which Indian companies made the highest foreign investment this year? 4 key areas attract the most funds
ONGC Videsh, JSW Steel, Haldia Petrochemicals, HCL Technologies, and Mahindra & Mahindra were the highest 5 investors with a personal investment of over $500 million.
USA, Singapore, Netherlands, British island, and Mauritius were the favourite investment destinations of the Indian firms.
As Prime Minister Narendra Modi government works to draw in foreign institutions to take a position in India, Indian companies too are keen to take a position abroad. Indian companies invested $12.25 billion under both the approval and automatic routes within the first eight months of the year, which has been in sync with steady outflows witnessed within the last number of years, said a report by Care Ratings. Out of this, the particular outflow would be $6.35 billion while the balance of $5.90 billion would be within the kind of guarantees, the report added. The guarantees would end in an outflow only just in case of a default, and hence are a contingent liability on the books of the investing company.
As said by the CEO of StartupLanes, Shishir Gupta, the year 2020 has brought a lot of investment and funding options for investors and companies.
India has always looked ahead for such great openings in this industry from foreign investors. This is going to bring tremendous growth in the future.
It is to be noted that in FY20, around $13 billion was invested by the Indian companies, which was the second successive year of double-digit overseas investment since FY13. within the current fiscal year, the USA, Singapore, Netherlands, British Virgin Islands, and Mauritius were the favourite investment destinations of the Indian firms. These five countries accounted for nearly 70 per cent of the full investment.
Where does the investment go?
The Indian companies mostly invested in four key areas — financial, insurance, and business services; manufacturing; agriculture and mining; and wholesale, retail trade, restaurants, and hotels. These four segments accounted for around 90 per cent of total overseas investments. The only other sector to register proposals of above Rs 100 crore was agriculture and mining.
Which Indian companies invested the most?
ONGC Videsh, JSW Steel, Haldia Petrochemicals, HCL Technologies, and Mahindra & Mahindra were the highest 5 investors with a private investment of over $500 million. Further, Adani Properties, Lupin, Piramal Enterprises, Cadila Healthcare, Infosys, and Tata Steel, followed the highest 5 investors. 11 companies, each with an investment of above $200 million had a sum of $6.18 billion during this eight-month period, which is quite1/2the whole investment.