ABSTRACT
Out of 124 firms in our sample, one-sixth (21) firms have undertaken OFDI during July 2007 to March 2012 (Tables 3 and 4). Among these, 19 firms have undertaken equity-OFDI and 2 firms had OFDI only as loans or guarantees issued. During this period they have invested in 38 foreign enterprises (sometimes repeatedly). A large majority of these foreign enterprises is wholly owned subsidiaries (33). About half of the OFDI enterprises (18) are engaged in manufacturing activity, the remaining being mostly in trading/distribution activities.
