India Inc's overseas direct investment in September 2014 more than doubled from a year ago period to $3.02 billion, the Reserve Bank data showed.
Total investment abroad by Indian firms were at $1.43 billion in September 2013.
In the previous month August, the Indian companies had undertaken investments of $1.25 billion in overseas markets.
The investments were a mix of issuance of guarantees ($2.53 billion), loan ($257.60 million) and of equity ($232.59 million).
Tata Steel, KBC International,
Glenmark Pharmaceuticals, Videcon Industries, and Mercator were among the major investors overseas during the month.
Tata Steel invested $1.88 billion in its wholly-owned unit in Singapore and Mercator made an investment of $45 million in its joint venture in Singapore.
Videocon Industries made an investment of $22.06 million in a wholly owned unit in the Cayman Island, and KEC International $81.3 million in a wholly unit in Mauritius.
Glenmark Pharmaceuticals invested a total of $27.12 million in five separate tranches in its joint ventures and wholly owned subsidiaries in Egypt, Mexico, Nigeria, Venezuela and Switzerland.
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
India Inc's overseas direct investment in September 2014 more than doubled from a year ago period to $3.02 billion, the Reserve Bank data showed.