The new rules and regulations seek to simplify the norms for outbound investments.
Under the rules, AIFs can invest in securities of companies incorporated outside India.
China made USD 8.92 billion outbound direct investment (ODI) in non-financial in November this year, up 12.6 percent year on year, the Ministry of Commerce (MOC) said.
Overseas investments by Indian firms jumped by 94% to USD 5.5 billion in the April-June period of the current fiscal year, Parliament was informed today.
Overseas investments by Indian companies in July was USD 2.69 billion, with Tata Steel, Crompton Greaves and Glenmark, among the leader players committing investments abroad.
SP Tulsian of sptulsian.com joins CNBC-TV18 to pick stocks that he says are multi-baggers for the day.
Overseas investments by Indian companies have more than doubled in the previous fiscal year as they expanded their foreign businesses, according to data released for the first time by the Reserve Bank of India.