Similarly, India also figures among the top five emerging and developing economies whose state owned enterprises are increasingly becoming transnational corporations. It is not surprising as in recent years, India’s Public Sector Units (PSUs), viz. NTPC, GAIL, ONGC and NALCO have undertaken significant overseas green-field investments.
Sectoral investment trends Sectoral pattern of outward FDI during 2006–07 to 2010–11 shows that it has been mainly invested in services and manufacturing sector. In 2010–11, within manufacturing, major sub-sectors which attracted outward FDI from India included agriculture machineries and equipments, basic organic chemicals, drugs, medicines & allied products, refined petroleum products, indigenous sugar, etc.