One hundred companies with Indian origin are responsible for creating more than 100,000 jobs and $17.9 billion in investments across the United States, according to a new survey report released today by the 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. New York, New Jersey, Massachusetts, California, and Wyoming have the highest foreign direct investment (FDI) from Indian companies.
The surveyed companies also provided data regarding their corporate social responsibility (CSR) and research and development expenditures, which totaled $147 million and $588 million, respectively.
Navtej Sarna, India’s Ambassador to the U.S. said, “Indian industry and professionals are making significant contributions to the U.S. economy – I am delighted that this fact is being recognized today at the CII event on Capitol Hill.”
Navtej added, “The presence and reach of Indian companies continues to grow each year as they invest billions of dollars and create jobs across the United States.”
Ambassador Sarna continued, “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 U.S, which continues to flourish in strategic terms as well.”