Indian companies have invested an impressive sum of over $40 billion in the United States, providing
employment to a substantial number of over 4,25,000 individuals across 40 U.S. states, the District of
Columbia, and Puerto Rico, as revealed by the seventh edition of the Confederation of Indian Industry
(CII)’s survey report “Indian Roots, American Soil.” These investments have been made by 163 Indian
firms operating in various sectors, such as Life Sciences, Pharmaceuticals, Healthcare, Information
Technology, Telecommunications, Manufacturing, Services (including Financial, Legal, Logistics, Design),
Automotive, Food and Agriculture, Tourism and Hospitality, Energy, and others.
The survey report indicates that 85% of these companies plan to make further investments in the United
States in the coming years. Furthermore, 83% of these companies have also planned to increase their
workforce in the US over the next five years. The sectors that these firms operate in have contributed
nearly $1 billion in research and development projects in the United States. The report has also highlighted that these Indian firms have undertaken Corporate Social Responsibility (CSR) efforts worth
nearly $195 million.
The biggest beneficiaries of direct job creations by Indian firms are Texas, New York, New Jersey,
Washington, Florida, and California. The states with the highest foreign direct investment (FDI) from
Indian companies are Georgia, Texas, New Jersey, New York, and Massachusetts. The states that host
the most Indian companies in the US are New Jersey, Texas, New York, California, Georgia, Illinois, and
Michigan. According to the report, the states benefitting the most from jobs created by Indian firms are
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 jobs), Georgia (13,945 jobs), Ohio (12,188 jobs), Montana (9,603 jobs),
and Illinois (8,454 jobs). The top 10 states with the most reported FDI from Indian firms are Texas ($9.8
billion), 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).
Chandrajit Banerjee, the Director General of the Confederation of Indian Industry (CII), mentioned that
the report “Indian Roots, American Soil” aims to portray the positive contributions made by Indian
companies to the US economy and society. The report highlights the resilience and commitment shown
by Indian firms towards the US market with growing sector diversification and expanding geographic
presence across the US. Banerjee stated that the future plans of Indian companies to invest and hire
more indicate a positive growth trajectory for the US-India economic relationship.
The survey report was released at the India-U.S. Business Reception hosted by Taranjit Singh Sandhu,
Ambassador of India, in Washington.