Indian cos commit nearly $6mn in Azerbaijan, Turkey

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

- PRESS TRUST OF INDIA

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 Turkey via joint ventures, as per RBI data.

Axiro semiconductor pvt ltd has committed funds in Turkey’s manufacturing space through a wholly-owned subsidiary. Together, the three entities' total commitment is around $0.28 million. The data showed that Project Aslan has committed an amount of $5.6 million in Azerbaijan's agriculture and mining sectors.