Liberalisation in overseas investment policy, in order to improve exports and strengthen economic linkages with foreign countries, has intensified India’s participation on the international canvas in terms of investment. Recent data released by the Reserve Bank of India (RBI) shows that overseas investments by Indian companies jumped 144 percent in 2010-11 to US$ 43.9 billion from about US$ 18 billion in 2009-10. In the first four months (April-July) of the current fiscal, there was an outward foreign direct investment (FDI) of US$ 13.26 billion.
Indian Investments Abroad - Recent Developments
To mark their presence on the global map, Indian companies are on a continuous look-out for investment destinations abroad.
For instance, home and personal care goods producers Godrej Consumer Products, Dabur India Ltd and Marico are searching for buys in the African continent.Tatas and Reliance Industries have already established themselves in foreign markets and have more than half of their revenue coming from them.
Where on one hand, the GMR Group, that built India’s best (Hyderabad) and biggest (Delhi) airports, is surveying business opportunities outside India, TVS Motors’ VenuSrinivasan is taking part of his business to China on the other. Infosys owner NR Narayana Murthy inaugurated the information technology (IT) company’s Shanghai campus in early 2011.
As per the recent RBI data, Indian companies carried out as much as 289 overseas investment transactions that resulted in outward FDI of US$ 2.69 billion during July 2011. Some of them are:
Apart from these players, there are many other Indian firms who are ready to venture abroad for inorganic growth.