Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey.
The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a reception on Capitol Hill Wednesday, highlights the significant economic and social impact made by Indian companies on American communities.
The reception was attended among others by the four co-chairs of the India Caucus on the Senate and House side: Senator John Cornyn, Senator Mark Warner, Congressman Joseph Crowley and Congressman Ed Royce.
“The rapidly expanding India-US trade and economic engagement provides a key underpinning to the strategic partnership between our two countries,” said Nirupama Rao, India’s ambassador to the US.
“Our aim, through the India Business Forum, is to highlight the range and depth of Indian investments in the United States and also to try and dispel some of the misconceptions associated with Indian companies,” said Sandhya Satwadi, director and head, CII…
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Posted by Lolita | August 15, 2014, 5:13 pm