Indian companies are steadily strengthening their economic footprint in the United States through rising investments, job creation, and expanding operations across several major industries, senior officials stated during the SelectUSA Investment Summit held in Maryland.
Speaking at the Confederation of Indian Industry (CII) India Reception at National Harbour, Brandon Remington, US Deputy Undersecretary for Policy and International Trade Administration at the Department of Commerce, said cumulative Indian foreign direct investment in the US has reached nearly US$ 16.4 billion. According to him, these investments have supported approximately 70,800 jobs while also contributing significantly to research, development, and exports.
Remington noted that Indian businesses have invested hundreds of millions of dollars into innovation-driven activities in the US economy. He highlighted that Indian firms contributed nearly US$ 313 million toward research and development initiatives while also generating around US$ 1.5 billion in export-related value. Although he did not specify the exact period covered by the figures, the remarks reflected the growing influence of Indian businesses across the American market.
Earlier estimates released in a 2023 report by the Confederation of Indian Industry painted an even larger picture of India’s economic contribution to the United States. The report estimated Indian investments in the country at roughly US$ 40 billion, linked to the creation of nearly 425,000 jobs across multiple states and sectors.
The same report, titled “Indian Roots, American Soil,” also highlighted that Indian firms had invested close to US$ 1 billion into research and development activities while spending nearly US$ 195 million on corporate social responsibility initiatives across local communities in the US.
Fresh investment announcements are expected during the ongoing SelectUSA summit, with nearly a dozen Indian companies reportedly preparing to unveil new commitments. One of the most significant recent developments came from Sun Pharmaceutical Industries Ltd, which announced a major US$ 12 billion agreement to acquire New Jersey-based Organon & Co last week.
Indian Embassy Deputy Chief of Mission Namgya Khampa said Indian companies are playing a growing role in supporting the US economy by bringing capital, strengthening supply chains, and contributing to employment opportunities across various regions. She added that sectors such as advanced manufacturing, pharmaceuticals, and energy have particularly benefited from Indian participation.
According to the CII report, Texas remains the leading destination for Indian foreign direct investment at nearly US$ 9.8 billion, followed by Georgia at US$ 7.5 billion and New Jersey at US$ 4.2 billion.
The event was attended by several senior American leaders, including Delaware Governor Matt Meyer, Guam Governor Lou Leon Guerrero, Maryland Lieutenant Governor Aruna Miller, along with business executives and policymakers from both countries.
