Overseas direct investment by Indian companies rose to USD 1.95 billion in August,up from USD 1.24 billion in the previous month. Out of this,the equity investment of corporates was to the tune of USD 482.30 million against USD 436.14 million in July,RBI data released today showed. Around USD 366.53 million was given by Indian companies as loans in August. Guarantees issued by Indian companies improved significantly to USD 1.09 billion in August,from USD 463.47 million in July. A total of 424 deals took place during the month where Indian companies carried out outward foreign direct investments,the data showed. Reliance Industries,Suzlon Energy,Crompton Greaves,and Great Eastern Shipping Company were among the major overseas investors during the month. Reliance Industries,which is into petro-chemical,business services,financial,insurance and real estate,invested USD 302.03 million overseas through its wholly owned subsidiary in the UAE. Suzlon Energy invested USD 300.03 million its in wholly owned subsidiary in the Netherlands. An investment of USD 172.14 million was made by Crompton Greaves in a joint-venture in the Netherlands,which is intothe business of wholesale,retail trade,restaurants and hotels. Great Eastern Shipping Company made an overseas investment of USD 159.26 million in the UAE in its wholly owned subsidiary.
