Data from India’s central bank, shows that outward foreign investment in the first month of this current fiscal year (April 2021) increased by more than two-times year-on-year to $2.51 billion. Of this amount, $1.75 billion was in the form of loans, $421 million was equity capital, and $333 million was allocated to the issuance of guarantees. In April 2020, Indian investors had committed $1.21 billion worth of outward foreign direct investment, according the Reserve Bank of India.
In March 2021, Indian firms made investments of over $1.99 billion in their overseas ventures.
Among the major investors, Tata Steel invested $1 billion in its wholly owned subsidiary in Singapore, Interglobe Enterprises Pvt Ltd. invested $145 million in a joint venture based in the U.K., and Reliance Industrial Investments & Holdings Ltd. committed $78 million in a fully owned unit in the U.K. Reliance Industries’ subsidiary Reliance Brands invested $91 million in various wholly owned subsidiaries and joint ventures based in the U.K., Singapore, the UAE and the U.S. Varroc Engineering invested $65 million in a wholly owned unit in the Netherlands, while Motherson Sumi Systems invested $41.70 million in a fully owned firm in the UAE.
The central bank added that the data is provisional and is subject to change based on the online reporting by its authorized dealer banks.
Last updated: December 26th, 2025
