Indian Outbound FDI Soars Amidst Geopolitical Tensions
Four Indian entities have collectively committed nearly USD 6 million in foreign direct investments in Azerbaijan and Turkiye. Overall, India's outbound FDI reached USD 6.8 billion in April, with major contributions from Tata Communications, LIC, and JSW Neo Energy. Geopolitical tensions may impact India's trade relations with Turkiye and Azerbaijan.

- Country:
- India
In a significant upswing, four Indian entities have collectively committed nearly USD 6 million in foreign direct investments (FDI) in Azerbaijan and Turkiye. This is a fraction of the total USD 6.8 billion overseas investments proposed by Indian companies in April, according to recent data from the Reserve Bank of India (RBI).
The surge, representing a near 90% increase annually, was primarily driven by Tata Communications, Life Insurance Company, and JSW Neo Energy. Meanwhile, two Indian entities, Omega Plasto Ltd and Rama Pure Water Pvt Ltd, have invested in Turkiye's wholesale, retail trade, and hospitality segments through joint ventures.
Amidst these robust financial engagements, geopolitical tensions simmer. Turkiye and Azerbaijan have condemned India's strikes on terror camps in Pakistan, potentially straining diplomatic and trade relations. Calls for boycotting Turkish goods and tourism gain momentum, supported by the Indian Chamber of Commerce, as India navigates complex international relationships.
(With inputs from agencies.)
ALSO READ
Amazon Boosts S&P 500 Amid Trade Talks and Tech Investments
Arvid Lindblad Secures Super Licence, Eyes F1 Future
Assocham and Swissmem Forge Alliance to Boost Trade Investments
Bharat Bhoomi Fund: Revolutionizing Real Estate Investments in India
AUKUS Pact Sustains Its Course with Strategic Investments