With Indian corporations increasingly looking at expanding their global footprint by investing overseas, the Netherlands and Singapore have attracted most of the outward foreign direct investments from India, with a share of 28.8 per cent and 15.2 per cent in total investments, respectively.
Followed by the British Virgin Islands and Mauritius, with a share of 10.3 per cent and 7 per cent respectively, Indian companies invested $3,687 million and $3,029 million, respectively, in these countries, according to a study by Care Ratings. The report has pointed out that total FDI investment made by India between April-January FY14 stood at $29,294 million. Out of the total investment, $19,079 million were guarantee issued, which accounted for 65.1 per cent. Investment in equity and loans stood at $7,007 million and $3,208 million, with a share of 23.9 per cent and 11 per cent, respectively.
Transport, communication Though the trend in India’s outward foreign direct investment (FDI) was moderately affected in FY10, a rebound was seen in FY11. However, the next two years have witnessed a decline in investments from $17,195 million in FY11 to $11,097 million in FY12, to $7,134 million in FY13, according to the study.
Based on sectoral break up, the highest investments were made in transport, storage and communication services, followed by manufacturing activities and agriculture and mining.