India Inc invests $2 billion overseas in Feb

Overseas investment by Indian companies stood at $2.01 billion in February with Reliance Industries and Tata Sons emerging as major investors. In February, a total of 401 overseas investment transactions were done by Indian entities.

The foreign direct investment (FDI) was at $797 million in January, according to RBI data.

Thus, the outward investment in the last 11 months of the current fiscal stood at $8.86 billion compared to $16.84 billion in April-February period of the previous fiscal. Among large outbound investment, Reliance Industries, involved in manufacturing, committed USD 1 billion to its subsidiary Reliance Oil & Gas Mauritius during the month.

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