Foreign direct investment of Indian companies doubled to $2.80 billion in June

Mumbai . Foreign direct investment by Indian companies more than doubled to $2.80 billion in June this year. A year ago during this period this figure was $ 1.39 billion. According to Reserve Bank data, out of total foreign investment in June 2021, $1.17 billion was in the form of guarantees, $1.21 billion in debt and $42.68 million in share capital.

According to the data, during this period Tata Steel invested $1 billion in its wholly owned subsidiary in Singapore. Wipro invested $787.5 million in its wholly owned unit in the US and $131.2 million by Tata Power in its wholly owned unit in Mauritius.

Reliance Industries invests in agriculture and mining based WOS in Singapore

Reliance Industries inks $56 million in agro and mining-based WOS in Singapore, InterGlobe Enterprises $515 million in joint venture in the UK, ONGC Videsh Ltd. invested $483 million in a joint venture in Mozambique and Paharpur Cooling Towers $48 million in its wholly owned subsidiary in Singapore.

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In addition, Tata Communications has invested $50 million in WOS in Singapore, ONGC Videsh Ltd. invested $48.7 million in a joint venture in Russia and WNS Global Services $45 million in a joint venture in the Netherlands.

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