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Indian companies’ foreign investments jumped 2-fold to $3 billion

Indian companies’ foreign investments jumped 2-fold to $3 billion

Tuesday, April 18, 2017, 4:16 PM

Foreign direct investment by Indian companies in their overseas ventures jumped over two- fold to $2.99 billion last month. Indian firms had made investments of $1.42 billion in their overseas joint ventures/subsidiaries in March last year. Investments in March this year were much higher than the preceding month, February, at $867.53 million, the Reserve Bank data showed on Tuesday.
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