Indian companies are strengthening their presence in the United States through rising investments, job creation, and growing participation across major industries, according to senior officials speaking at the SelectUSA Investment Summit in Maryland.
Speaking at the CII India Reception held at National Harbour, Brandon Remington, US Deputy Undersecretary for Policy and International Trade Administration at the United States Department of Commerce, said cumulative foreign direct investment from India into the US has reached nearly $16.4 billion.
According to Remington, the investments have supported around 70,800 jobs, generated nearly $313 million in research and development spending, and contributed approximately $1.5 billion in exports.
He also highlighted that Indian companies have invested hundreds of millions of dollars into innovation initiatives in the US, including nearly $330 million in research and development activities.
A 2023 report published by the Confederation of Indian Industry estimated total Indian investments in the US at nearly $40 billion, linked to the creation of around 4.25 lakh jobs. The report, titled “Indian Roots, American Soil,” also noted that Indian firms invested $1 billion into R&D projects and spent $195 million on corporate social responsibility programs across the US.
Additional investment announcements are expected during the SelectUSA summit, with nearly 12 Indian companies reportedly preparing to unveil new commitments.
Among the major recent developments, Sun Pharmaceutical Industries Limited recently announced a $12 billion deal to acquire New Jersey-based Organon & Co..
Indian Embassy Deputy Chief of Mission Namgya Khampa said Indian businesses are playing an increasingly important role in supporting the US economy through investments, employment generation, supply chain strengthening, and community development.
She added that sectors such as advanced manufacturing, pharmaceuticals, and energy are seeing Indian companies support hundreds of thousands of jobs across multiple US states.
According to the CII report, Texas remains the leading destination for Indian FDI at $9.8 billion, followed by Georgia with $7.5 billion and New Jersey with $4.2 billion.
The event was attended by several senior officials, including Delaware Governor Matt Meyer, Guam Governor Lou Leon Guerrero, and Maryland Lieutenant Governor Aruna Miller.
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