100 companies with origins in India 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 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.
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 FDI from Indian companies. The surveyed companies also provided data regarding their corporate social responsibility (CSR) and research and development expenditures, which totalled $147 million and $588 million, respectively.
The average amount of investment received from Indian companies per state/territory is $187 million, with 85% of the companies plan to make more investments in the United States and 87% of the companies plan to hire more employees locally in the next five years.
The CII survey respondents represent diverse sectors including pharmaceuticals and life sciences, telecommunications, aerospace and defence, financial services, healthcare, materials and manufacturing, tourism and hospitality, engineering and construction, automotive, food and agriculture, energy and information technology.