Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April

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Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April - Business Standard

Quick Summary:

Four Indian entities committed foreign direct investments worth nearly USD 6 million in Azerbaijan and Turkiye, accounting for a small part of the total USD 6.8 billion overseas investments proposed by Indian companies in April, according to the latest Reserve Bank data.

Among the investments, two Indian entities -- Omega Plasto Ltd and Rama Pure Water Pvt Ltd -- have committed equity investments in the 'wholesale, retail trade, restaurants and hotels' segment in Turkiye through joint ventures, as per the data released by the Reserve Bank of India (RBI) on Wednesday.

India's outbound FDI increased by nearly 90 per cent annually to USD 6.8 billion in April, led by Tata Communications, Life Insurance Company and JSW Neo Energy, according to the data.