NEW DELHI: India Inc's foreign direct investment in July declined over 50 per cent to $1.11 billion in July 2022, the Reserve Bank data showed.
As per the RBI data, on Outward Foreign Direct Investment (OFDI), the domestic companies had invested over $2.56 billion in July 2021 in the form of equity, loan and issuances of guarantees.
In a breakup, the Indian businesses invested $579.15 million by equity infusion, $193.21 million as loans and $337.49 million infused by issuing guarantees to their overseas ventures during July 2022.
Among the major investors included Reliance Industries $160 million in its wholly-owned energy subsidiary in Singapore, Reliance Industrial Investments & Holdings $40.74 million in the fully-owned unit in retail business in the UK, and Ravindra Energy putting $33 million in its fully-owned unit in the UAE.
Hasham Traders invested $32.71 million in a joint venture in the US, which is into financial services.
