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Reserve Bank data revealed that India Inc. foreign direct investment in July 2022 fell over 50 per cent to USD 1.11 billion.
Data provided by the RBI shows that domestic companies invested over USD 2.56 billion in July 2021 in equity loans and guarantees as part of outward foreign direct investment (OFDI).
Over the course of July 2022, Indian businesses infused USD 193.21 million through loans, guaranteed USD 337.49 million of their over-fee ventures, and invested USD 579.15 million in equity infusion.
One of the major investors was Reliance Industries, with USD 160 million invested in its wholly owned energy subsidiary in Singapore.
The UK unit of Reliance Industrial Investments and Holdings will receive USD 40.74 million, while the UAE unit of Ravindra Energy will receive USD 33 million.
Investments were made in a joint venture in the financial services industry by Hasham Traders, which invested USD 32.71 million.
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