New Delhi: Around 100 firms with origins in India are responsible for creating more than 1 lakh jobs and $17.9 billion in investments across the United States, according to a report released by industry body Confederation of Indian Industry (CII).
The report, “Indian Roots, American Soil,” is a state-by-state breakdown of tangible investments made and jobs created by 100 surveyed Indian companies doing business in all 50 states, as well as Washington, D.C., and Puerto Rico.
New Jersey, Texas, California, New York and Georgia are home to the most number of workers in America directly employed by Indian companies, said CII.
New York, New Jersey, Massachusetts, California, and Wyoming have the highest foreign direct investment from Indian firms.
The companies also provided data regarding their corporate social responsibility (CSR) and research and development (R&D) expenditures, which totalled $147 million and $588 million, respectively. “The presence and reach of Indian firms continue to grow each year as they invest billions of dollars and create jobs across the US,” said Navtej Sarna, India’s ambassador to the United States.
Mr Sarna further said: “The CII study ‘Indian Roots, American Soil’ highlights Indian industry’s ascension as a significant stakeholder in the U.S. economy — this is a critical component of our strong and vibrant bilateral relationship with the United States, which continues to flourish in strategic terms as well."
