Indian Companies Account for USD 15 Billion in Investments, 91,000 Jobs in US: Report
Updated: Jul 16, 2015 12:05:20pm
New Delhi, Jul 16 (KNN) Indian based companies are responsible for creating tens of thousands of jobs and USD 15 billion in investments across the country, according to a report.
The report “Indian roots, American soil” released by Confederation of Indian Industry (CII) and Grant Thornton (GT), “New Jersey, California, Texas, Illinois and New York are top investment destinations for Indian firms while Texas, Pennsylvania, Minnesota, New York, and New Jersey have the highest foreign direct investment (FDI) from Indian companies”.
In support of the contributions, Indian Ambassador to the US, Arun K Singh said that “The Indian industry is making a significant contribution to the US economy, investing billions of dollars and creating thousands of jobs across states and sectors. This trend has grown stronger over the years and is continuing to show remarkable progress.”
“Today Indian companies are not just investing and creating jobs, they have also become significant stakeholders in the growth and prosperity of their local communities. Their linkages run deep through the support extended by them to education programs and capacity building,” he said.
Together, 100 Indian companies employ more than 91,000 people across 35 states and the District of Columbia. The top five states in which Indian companies have generated maximum employment are: New Jersey (9.278 jobs), California (8.937 jobs), Texas (6,230 jobs), Illinois (4,779 jobs) and New York (4,134 jobs), the release noted.
The total value of tangible investments made by these 100 companies exceeds USD 15.3 billion. The top five states in which Indian companies have contributed the highest foreign direct investment are: Texas (USD 3.84 billion), Pennsylvania (USD 3.56 billion), Minnesota (USD 1.8 billion), New York (USD 1.01 billion) and New Jersey (USD 1 billion).
The average amount of investment received from Indian companies per state is USD 443 million.
Senator Warner, Virginia, Co-Chair, Senate India Caucus said, “A cornerstone of relations between India and U.S. is the thriving commercial exchange between the countries. As India surges forward to become the fourth fastest growing source of FDI into the U.S., it is critical that we recognize the positive impact of Indian business investments in the country. In Virginia, Indian companies have been key players in creating jobs and engaging communities. I hope to see this trend continue in the future, with increased Indian business operations in the country.” (KNN Bureau)
The report “Indian roots, American soil” released by Confederation of Indian Industry (CII) and Grant Thornton (GT), “New Jersey, California, Texas, Illinois and New York are top investment destinations for Indian firms while Texas, Pennsylvania, Minnesota, New York, and New Jersey have the highest foreign direct investment (FDI) from Indian companies”.
In support of the contributions, Indian Ambassador to the US, Arun K Singh said that “The Indian industry is making a significant contribution to the US economy, investing billions of dollars and creating thousands of jobs across states and sectors. This trend has grown stronger over the years and is continuing to show remarkable progress.”
“Today Indian companies are not just investing and creating jobs, they have also become significant stakeholders in the growth and prosperity of their local communities. Their linkages run deep through the support extended by them to education programs and capacity building,” he said.
Together, 100 Indian companies employ more than 91,000 people across 35 states and the District of Columbia. The top five states in which Indian companies have generated maximum employment are: New Jersey (9.278 jobs), California (8.937 jobs), Texas (6,230 jobs), Illinois (4,779 jobs) and New York (4,134 jobs), the release noted.
The total value of tangible investments made by these 100 companies exceeds USD 15.3 billion. The top five states in which Indian companies have contributed the highest foreign direct investment are: Texas (USD 3.84 billion), Pennsylvania (USD 3.56 billion), Minnesota (USD 1.8 billion), New York (USD 1.01 billion) and New Jersey (USD 1 billion).
The average amount of investment received from Indian companies per state is USD 443 million.
Senator Warner, Virginia, Co-Chair, Senate India Caucus said, “A cornerstone of relations between India and U.S. is the thriving commercial exchange between the countries. As India surges forward to become the fourth fastest growing source of FDI into the U.S., it is critical that we recognize the positive impact of Indian business investments in the country. In Virginia, Indian companies have been key players in creating jobs and engaging communities. I hope to see this trend continue in the future, with increased Indian business operations in the country.” (KNN Bureau)
Loading...
