155 Indian companies have invested about 22 22 billion (about Rs 1.6 lakh crore) in the US. Investment by Indian companies in the US has created 1.25 lakh jobs. This was stated in a report released by the Confederation of Indian Industries (CII) on Monday.
The 155 Indian companies surveyed are doing business in all 50 US states, including Washington DC and Puerto Rico, according to a report titled Indian Roots, American Soil 2020. Texas, California, New Jersey, New York and Florida Indian companies employ a large number of American employees.
American Senator John Cornin says Americans of Indian descent have made a significant contribution to American culture, economy, and science. We respect their hard work and innovation. So keep up the good work.
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Indian companies provided the most jobs in the state
| State | Employment |
| Texas | 17,578 |
| California | 8,271 |
| New Jersey | 8,057 |
| New York | 6,175 |
| Florida | 5,454 |
Indian companies invested the most in these five states
| State | Investment (in Indian Rupees) |
| Texas | 72 thousand crore |
| New Jersey | 18 thousand crore |
| New York | 13 thousand crore |
| Florida | 6900 crore |
| Massachusetts | 6600 crore |
More than 100 100 million investment in America
According to the report, Indian companies have invested 100 100 million or more than Rs 750 crore in each of the 20 US states. According to the report, 77% of companies are now planning to invest more. Similarly, 83% of companies plan to provide more jobs to locals over the next five years.
Indian companies have spent about 5 175 million on CSR, or about Rs 1,300 crore. Similarly, R&D has spent 900 900 million (about Rs 6,800 crore). According to Indian Ambassador to the US Taranjit Singh Sandhu, Indian companies organize programs such as Special Skills and Training to help students under CSR.
America has become a favorite destination for Indian companies
According to the International Administration of Commerce in the US Department of Commerce, the US is the place of choice for successful and innovative Indian companies in terms of trade. America, on the other hand, is ready to welcome these companies. According to CII Director General Chandrajit Banerjee, the report shows that the US is the preferred destination for Indian companies in terms of investment.
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