Japan invests $1.5 B in Indian securities

By agencies   |   Friday, 30 September 2005, 07:00 Hrs
Printer Print Email Email
CHENNAI: Japanese companies have invested over $1.5 billion in the Indian securities market in the last six months.

Japan had a portfolio investment of $ 4.4 billion in the Bombay Stock Exchange; besides, investing $1.5 billion into Indian markets.

Speaking about Japan's exposure in the Indian securities markets, he said one of the biggest Japanese security companies had launched an ''India Investment Fund'' and $1 billion worth of fund had been sold out.

Massive investments were coming to India, with businessmen in Japan ''gung-ho'' about the ''very eloquent'' growth story. In the next three years, reinvestment not part of foreign direct investment, would be $ 500 million annually and could be more.

Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..