Japan invests $1.5 B in Indian securities

By agencies   |   Friday, 30 September 2005, 07:00 Hrs
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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.

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