February 23, 2024

155 Indian companies have invested about $ 22 billion in the US and created 1.25 lakh jobs


155 Indian companies have invested about $ 1.6 billion crores in the US, 22 billion dollars. This has created 1.25 lakh jobs in the US. This was stated in a report released on Monday by the Confederation of Indian Industries (CII).

155 Indian companies doing business in all 50 states of America

The report, titled Indian Roots, American Soil 2020, states that 155 Indian companies surveyed do business in all 50 states of the US, including Washington, DC and Puerto Rico. Texas, California, New Jersey, New York and Florida are home to these Indian companies where a large number of employees work in them.

Indian-Americans make a big contribution to America

US Senator John Cornyn says Indian-Americans have made a big contribution to America’s culture, economy, and scientism. We honor their hard work and innovation. So you keep doing this good work. The CII report states that Indian companies have made the highest foreign direct investment (FDI) in Texas, New Jersey, New York, Florida and Massachusetts. According to the report, Indian companies have the highest focus on New Jersey, Texas, California, New York, Illinois and Georgia.

Indian companies gave maximum jobs here

State &  jobs
Texas  – 17578 Jobs
California  – 8271 Jobs
New jersey – 8057 Jobs
New york – 6,175 Jobs
Florida 5,454 Jobs

Highest investment in these five states

State Investment (in Indian Rupees)
Texas 72 thousand crores
New Jersey 18 thousand crores
New york 13 thousand crores
Florida 6900 Cr
Massachusetts 6600 million
Investment of over $ 100 million in 20 states

According to the report, Indian companies have invested more than $ 100 million, or 750 million rupees each in 20 states of America. According to the report, 77 percent of the companies are planning to invest more now. At the same time, 83 percent of the companies are planning to give more jobs to the local people in the next five years.

Time to build strong ties between US and India: Warner

Senator Mark Warner says that today the entire world, along with India and the United States, is in the grip of coronavirus infection. We need to rededicate this time to create more jobs for Americans and Indians. We need to reinvigorate India-US relations.