FDI outflows in Oct at 2.06 bn

Cox and Kings India committed 280.56 million in its UK-based wholly owned subsidiary WoS8211; Prometheon Holdings UK Ltd 8212; which is engaged in transport,storage and communication services.

Cox and Kings India also made five other investments worth a total of over 8.05 million in its WoSs,based in Honk Kong,Singapore,the UK and Japan. Tata Consultancy Services has committed 48.92 million in its UK-based join venture Diligenta Ltd.

The subsidiary is engaged in community,social and personal services. Another Tata Group firm,Tata Communications Ltd has committed 162.5 million in its Singapore-based WoS,VSNL International Pte,which is also engaged in transport,storage and communication services.

In the first seven months of this fiscal April-October,the outward FDI stood at 21.07 billion. While Indian companies are spreading their overseas footprints,the FDI inflows in the April-September latest data available,too,went up by a huge 74 per cent to 19.13 billion from 11 billion in the corresponding period last year.