155 Indian firms with USD 22 billion investments in USA
A total of 155 companies with origins in India are responsible ...
A total of 155 companies with origins in India are responsible for generating over $22 billion in investments and nearly 1.25 lakh jobs in the US, according to a report by the Confederation of Indian Industry (CII). The report titled ‘Indian Roots, American Soil 2020’ showed that the states with the top concentrations of Indian companies reporting were New Jersey, Texas, California, New York, Illinois and Georgia.
The corporate social responsibility (CSR) and research and development expenditure of the companies stood at $175 million and $900 million, respectively. Texas, California, New Jersey, New York, and Florida are home to the greatest number of workers in the US directly employed by the reporting Indian companies.
The surveyed companies disclosed the highest amounts of foreign direct investment (FDI) were in Texas, New Jersey, New York, Florida, and Massachusetts. Indian investments in 20 US states stand at over $100 million each, showed the survey.