Overseas investments by Indian companies in October stood at $2.06 billion,with Cox and Kings and Tata Communications emerging as the major investors. The FDI outflows in last month were 40 per cent less than the $3.46 billion outflow in September. According to the RBI data released today,as many as 330 overseas investment transactions were carried out by various companies in October. Cox and Kings India committed $280.56 million in its UK-based wholly owned subsidiary (WoS)- Prometheon Holdings (UK) Ltd - 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.
