On May 3, 2023, the Confederation of Indian Industry (CII) launched the seventh edition of its renowned study, “Indian Roots, American Soil,” during a ceremony in Washington, D.C., sponsored by Taranjit Singh Sandhu, the Indian ambassador.
According to research that emphasizes the good tales of Indian firms’ contributions to the US economy and society, there are over 160 Indian companies operating in all 50 US states, and they have made investments totaling US$40 billion that have created 425,000 jobs in a variety of industries.
Texas (20,906 jobs), New York (19,162 jobs), New Jersey (17,713 jobs), Washington (14,525 jobs), Florida (14,418 jobs), California (14,334), Georgia (13,945 jobs), Ohio (12,188 jobs), Montana (9,603 jobs), and Illinois (8,454 jobs), according to the report, saw the most job growth.
Ambassador Sandhu stated, “In my travels across the US, I have been amazed to see what Indian companies have done to transform neighborhoods in the US. They not only create virtuous cycles of employment, investment, and growth in the US but go beyond—they support local communities and partner with schools and universities. India has always believed that success is to be shared, and sharing is a success.”
Texas came in first among the ten nations receiving the most FDI from India, bringing in $9.8 billion, followed by Georgia ($7.5 billion), New Jersey ($4.2 billion), New York ($2.1 billion), Massachusetts ($1.4 billion), Kentucky ($908 million), California ($776 million), Maryland ($720 million), Florida ($711 million), and Indiana (582 million).
