According to an annual
report released now by Confederation of Indian Industry (CII) Indian industries
and professionals are making very significant contribution to the US economy.
100 Indian companies doing business in America and Puerto Rico have created
more than 113,000 jobs and also invested nearly 18 billion US dollars in the
Besides, Indian companies
have also contributed 147 million US dollars towards corporate social
responsibility and 588 million dollars as research and development expenditures
in the US.
The top five states in which Indian companies have generated maximum employment
are New Jersey, Texas, California, New York and Georgia. According to the report,
the top five states in which Indian companies have contributed the highest
foreign direct investment are New York, New Jersey, Massachusetts, California
Indian Ambassador to the US Navtej Sarna, said, Indian industry and
professionals are making significant contributions to the US economy. The
presence and reach of Indian companies continue to grow each year as they
invest billions of dollars and create jobs across the United States, he said.
Congressman Pete Sessions said Indian businesses have brought hundreds of
millions of dollars and thousands of jobs to Texas and, at the same time, the
reforms led by Prime Minister Modi have opened doors for American companies to
expand their operations in India.
“CII is proud of its flagship biannual initiative, ‘Indian
Roots, American Soil’ – through this survey report and the event on Capitol
Hill, we are able to highlight the best of Indian industry in the United States
– their positive contributions to the U.S. economy and society through investments,
job creation, CSR and skill-building initiatives, which have immediate and
visibly positive multiplier effects on the local communities where our
companies have invested and put down roots. The story of Indian investment in
the U.S. is one that showcases how intertwined we are as nations that
contribute to each other's success. CII is extremely optimistic about the
growth of the U.S.-India business and strategic partnership – today’s event and
report launch in the heart of the U.S. Capitol will hopefully help shine a
light on an untold aspect of this story of collaboration.”