<h1>Indian Companies' Outward FDI Skyrockets Tenfold, Driven by Resource and Market Seeking Motives, Says Finance Minister.</h1> Outward Foreign Direct Investment (FDI) by Indian companies has significantly increased from US$ 7,210.32 million between 2000-01 and 2004-05 to over US$ 72,037.17 million between 2005-06 and 2009-10. This growth is driven by motives such as resource, market, and technology seeking, as well as strategies to enhance brand image and utilize raw materials in host countries. Indian companies complying with Foreign Exchange Management Regulations can make FDI abroad under general permission, with the responsibility of adhering to Overseas Direct Investment (ODI) regulations resting on the Indian parties. This information was provided by the Minister of State for Finance in the Rajya Sabha.