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Home » Blog » Turkiye and Azerbaijan account for less than 1 per cent of total outbound FDI from India
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Turkiye and Azerbaijan account for less than 1 per cent of total outbound FDI from India

Olivia Roberts
By Olivia Roberts
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By April 2025, a total of $ 6 million in Azerbaijan and Turkiye was invested as part of the country's total direct investment.

By April 2025, a total of $ 6 million in Azerbaijan and Turkiye was invested as part of the country’s total direct investment. | Photo credit: Cueapi

In the midst of the growing tensions of India with Turkiye and Azerbaijan and growing boycott, the approach is now at the value of the investment that flows to these nations of the Indian companies.

The direct investment data abroad (ODI) of the Bank of the Reserve of India (RBI) showed that both nations obtain a tiny part of foreign direct investment of India and business areas are not too strategic.

La inversión total directa en el extranjero en Azerbaiyán por parte de las compañías indias fue de $ 123 millones en el año fiscal 200 y $ 66 millones en el año fiscal 200 con la participación de la inversión trimestral en el país como un porcentaje de IED total externo de India en el rango o 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 a 0.2 to 0.2 to 0.2 to the center. The numbers are equally narrower for Turkiye. The total investment abroad in Turkiye of India was $ 8.7 million in fiscal year 200 and $ 4.4 million in fiscal year 2014. The participation of investments in the country of Western Asia was around in the range of 0.01 to 0.03 percent in this period.

By April 2025, a total of $ 6 million in Azerbaijan and Turkiye was invested as part of the country’s total direct investment.

Company investment

The analysis of the companies that make the investment shows that the majority (more than 80 percent) of the investments in Azerbaijan is from Onc Videsh, the International Subsidiary of ONCC. ONCC has two projects in the country in the Azeri-Chirag-Gunashli (ACG) oil field and the other is the Baku-Tbilisi Ceyhan (BTC) pipe project.

As for Turkiye, the outgoing investment of India is mostly narrower sizes related to companies with joint companies or those that send money to absolute property subsidiaries. These are mostly commercial/retail players, manufacture and logistics of small times. Some of the best known names that appear on the list in the last six months are Wipro Pari (Wipro Robotics and Automation Entity), Axiro Semiconductors, Linc Ltd, Carysil and others.

Analysts say that outgoing investment in Turkiye and Azerbaijan is too small to import in the context of tense relations between the two countries.

“While in Turkiye, investment has been mainly in trade and retail/wholesale manufacturing, investment in Azerbaijan focuses largely on energy sectors, especially oil and gas,” said Paras Jasrai, associate director.

“The importance of Azerbaijan is more from the energy security and the point of view of the North-South Transport Corridor of Turkiye, the strategic geographical location of Turkiye as a gateway to Europe and its growing economy and its favorable demography is its keyste as it extends by the stretching of stretch ashestegegegegegiagyty, for its robust sectors of exports and investments that are supplied in competition and innovation to innovation to competition and competition.

Posted on May 16, 2025

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