Indian Firms Invest $1.1B in US, Create 1500 Jobs
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Indian companies announce $1.1 billion investment in the US at SelectUSA Summit, creating 1,500 jobs in aerospace, AI, and more.
Washington, May 5 (PTI) Indian companies on Tuesday announced USD 1.1 billion investments in the US spanning aerospace, defence, energy and artificial intelligence sectors.
The announcement was made at the SelectUSA Investment Summit at National Harbour in Maryland near here.
"We have 12 Indian companies making investment announcements at this summit, totalling more than USD 1.1 billion. That is the largest number of announcements we have seen from a single delegation at SelectUSA," US Under Secretary of Commerce for International Trade William Kimmitt said here.
He said these investments span aerospace and defence, energy, advanced manufacturing, and artificial intelligence.
The Indian investments announced on Tuesday will lead to the creation of 1,500 jobs in the US.
Abhyuday Group announced the largest investment amounting to USD 900 million to set up manufacturing clusters in five states across the US.
The announcement was made at the SelectUSA Investment Summit at National Harbour in Maryland near here.
"We have 12 Indian companies making investment announcements at this summit, totalling more than USD 1.1 billion. That is the largest number of announcements we have seen from a single delegation at SelectUSA," US Under Secretary of Commerce for International Trade William Kimmitt said here.
He said these investments span aerospace and defence, energy, advanced manufacturing, and artificial intelligence.
The Indian investments announced on Tuesday will lead to the creation of 1,500 jobs in the US.
Abhyuday Group announced the largest investment amounting to USD 900 million to set up manufacturing clusters in five states across the US.
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