Foreign direct investment (FDI) in the country declined to $ 40 billion last year, which was $ 44 billion in 2016. At the same time, capital investment in India from abroad, ie flow of capital, which is considered the main source of investment in South Asia, has more than doubled. This is said in a new trade report of the United Nations.
According to the United Nations, the pressure on FDI in developing countries is
sluggish in the global price chain. The key reason for concern is that according to the
UN Conference on Trade and Development (AnkTad) World Investment Report 2018, global flow of global direct investment decreased 23 percent to Rs 1.43 lakh crore in 2017 The dollar remained, which was $ 1.87 trillion in 2016. Ankitad General Secretary Mukhisa Kuchui said that the downstream pressure on FDI and sluggishness in the global price chain are a major reason for concern for policy makers across the world and especially in developing countries.
FDI of $ 40 billion This year the
report said that FDI in India has come down from $ 44 billion in 2016 to $ 40 billion in 2017. During this period, the outflow, which means foreign investment from India, which is considered the main source of FDI in South Asia, has more than doubled to $ 11 billion.
The active investment in overseas foreign tax by ONGC
was at $ 44 billion. FDI
United Nations Report in 2016, the country’s public sector company ONGC has recently mentioned the active investment in foreign assets in recent years. The report said that ONGC acquired a 15 percent stake in Tallov Oil in a offshore field in Namibia in 2017 after buying 26 percent stake in Ventronoft, a subsidiary of Russian government oil company Rosneft PJSC in 2016. By the end of 2017, ONGC had 39 projects in 18 countries, producing 2,85,000 barrels of oil and oil equivalent gas per day.
A large foreign investment
report in the excavation and technology hassaid that the merger and acquisition sale across India has increased from $ 8 billion to $ 23 billion in the comparable period and some of the major deals in the excavation and tech industry Significant Yogdan remained. Singapore’s Petroleum Complex, owned by RosneftGauge of Russia, acquired a 49% stake in Essar Oil Limited for $ 13 billion, which is the private sector second largest oil company in India.
In the mean time, an e-commerce company, eBay, a investor group with tech company Microsoft Corporation and China’s multinational investment holding company Tensent Holdings bought a stake in Flipkart Internet for $ 1.4 billion. At the same time, Soft Bank bought a 20% stake in the One 97 Communications for $ 1.4 billion, which is Holding Company of Digital Payment Company, Patmium. It has also been said in the report that China, South Africa, Singapore, India and Hong Kong (China) are among the 10 largest investors who invest in Africa.