News Desk
US Ambassador to India Sergio Gor has underlined a sharp rise in Indian investments in the United States, saying Indian companies are set to invest more than $20.5 billion across technology, manufacturing and pharmaceutical sectors. His remarks, shared widely on social media, came as the SelectUSA Summit continued in Washington.
According to the ambassador, 12 Indian companies announced $1.1 billion in new investments in a single day, signalling strong momentum in the economic partnership. He said the surge reflects renewed confidence in the US business environment and is contributing to job creation and stronger supply chains.
“These partnerships are creating real American jobs and building stronger supply chains,” he said, adding that cooperation between the world’s two largest democracies delivers benefits on both sides.
The SelectUSA Summit is the US government’s flagship platform for attracting foreign direct investment. Officials have positioned the growing India–US economic engagement as a strategic pillar supporting resilient supply chains and long‑term commercial ties.
While the investment announcements have been welcomed in business and diplomatic circles, reactions on Indian social media have been divided. Some users questioned what they see as contradictions in US policy, pointing to concerns over immigration treatment, technology restrictions and geopolitical pressure.
One user accused Washington of “racism with one hand and love for Indian money with the other,” reflecting a sentiment shared by a section of online commentators who remain sceptical of US intentions even as economic ties deepen.
Despite the criticism, the India–US economic relationship continues to expand at a rapid pace. Indian IT firms, pharmaceutical manufacturers and emerging tech companies now play a significant role in the American market, with both governments framing the partnership as central to future growth.
A senior US commerce official has underlined the scale of India’s investment footprint in the American economy, noting that Indian firms now account for billions of dollars in capital flows and tens of thousands of jobs across the United States.
Speaking at the CII India Reception held alongside the SelectUSA Investment Summit at National Harbor in Maryland, Brandon Remington, Deputy Undersecretary for Policy and International Trade Administration, said Indian companies continue to expand their presence across multiple sectors.
Remington told industry leaders that cumulative Indian foreign direct investment in the US is estimated at around $16.4 billion, supporting nearly 70,800 American jobs. He said Indian firms have also contributed to research spending, exports and local economic activity.
He noted that available data shows Indian companies generated over $300 million in R&D expenditure and about $1.5 billion in exports, reflecting the depth of their engagement in the US market. He added that Indian investors have channelled roughly $330 million into research and development projects in recent years.
Industry assessments place the overall impact even higher. A Confederation of Indian Industry study previously estimated that Indian companies have invested close to $40 billion in the United States, supporting more than 425,000 jobs across states.
The 2023 edition of the “Indian Roots, American Soil” report also highlighted strong commitments to innovation and community programmes, noting $1 billion in US‑based R&D investments and $195 million in corporate social responsibility initiatives by Indian firms.
Outbound investment momentum has continued this year. Last week, Sun Pharmaceutical Industries announced a $12 billion acquisition of New Jersey‑based Organon & Co., marking one of the largest overseas deals by an Indian company.
Nearly a dozen Indian firms are expected to unveil fresh investment plans during the SelectUSA Summit, signalling sustained interest in the US as a destination for expansion.
