Direct investment by Indian firms overseas more than halved from a year ago to USD 1.15 billion in December 2015, Reserve Bank data showed today.
The Indian companies had made an investment of USD 2.61 billion in December 2014.
In November 2015, the figure stood at USD 2 billion.
The investments were a mix of issuance of guarantees (USD 663.56 million), loan (USD 219.96 million) and equity (USD 261.76 million).
The major investors overseas in December include Emcure Pharmaceuticals with a combined investment of USD 102.45 million in Canadian and Nigerian wholly owned units (WOS).
The other investments include Gail India USD 114 million in a WOS in the US, Essar Steel India USD 58.92 million in a UAE-based WOS, USD 55.6 million by Hasham Traders PI International Holdings in the US-based wholly-owned subsidiary.
