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India Inc's Overseas Investment Dips 32% at $1.23 Billion in July

Among major investors, Manipal Health Systems Pvt Ltd invested $108.8 million in a joint venture in Singapore, Ballarpur Industries $75.08 million in a wholly-owned manufacturing facility in the Netherlands.
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India Inc's Overseas Investment Dips 32% at $1.23 Billion in July
Mumbai: Total investments by Indian firms overseas fell by 32 per cent to $1.23 billion in July this year over the same month last year, according to the Reserve Bank of India (RBI) data released today.
 

Indian companies had invested $1.81 billion in their overseas ventures in July 2014.
 

In June 2015, Indian companies had invested $1.65 billion in overseas markets.
 

The investments were a mix of issuance of guarantees ($715.45 million), loan ($205.31 million) and of equity ($313.93 million).
 

Among major investors, Manipal Health Systems Pvt Ltd invested $108.8 million in a joint venture in Singapore, Ballarpur Industries $75.08 million in a wholly-owned manufacturing facility in the Netherlands.
 

Software firm Mindtree Ltd a total of $59.79 in two tranches in its wholly owned subsidiaries (WoS) in the US and the UK.
 

Of the others key investors, Manipal Global Education Services made an investment of $44 million in a wholly owned unit in Mauritius, Marksans Pharma $31 million in a WoS in the US, VA Tech Wabag $32.73 million in its JVs in Oman and Thailand.
 

Wipro Ltd invested $30 million in its WoS in the US.



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