As many as 78 foreign companies were registered in the country under the companies law in the last financial year, according to official data.
In 2019-20, a total of 124 foreign companies were registered in India. The count was at 118 in 2018-19.
The data was provided by Minister of State for Corporate Affairs Rao Inderjit Singh in a written reply to Rajya Sabha on Tuesday.
“Foreign Company is defined under Section 2 (42) of the Companies Act, 2013 (the Act) as any company or body corporate incorporated outside India which (a) has a place of business in India by itself or through an agent, physically or thorough electronic mode and (b) conducts any business activity in India in any other manner,” the minister said.