Wednesday, August 19, 2026

Indian firms plan $20.5 bn investment in US, says envoy Sergio Gor

Date:

Indian companies will invest more than $20.5 billion in the United States across various sectors, US Ambassador to India Sergio Gor said.”Indian companies plan to invest over $20.5 billion in various sectors including tech, manufacturing, and pharmaceuticals,” Gor said in a statement on X (formerly Twitter).

“This includes the 12 Indian companies who announced $1.1 billion in investments just today,” he added.
The announcement was shared with the hashtag SelectUSA, marking an Investment Summit aimed at attracting foreign direct investment (FDI) into the US.The tweet did not specify the names of the companies or provide a timeline for the proposed investments.

Gor said the investments signal a surge in capital flows into the US at “record levels”.

“These partnerships are creating real American jobs and building stronger supply chains,” Gor said, describing the development as evidence of deepening economic ties between India and the US.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Piyush Goyal meets German delegation, eyes deeper ties in AI, clean energy and manufacturing

Commerce and Industry Minister Piyush Goyal met ministers and...

Tamil Nadu seeks Centre’s nod for Chennai-Thiruvananthapuram industrial corridor, support for 7 parks

Tamil Nadu has urged the Centre to consider its...

India challenges US tariffs on quartz products at WTO, fourth such trade dispute

India has sought consultations with the United States at...

India’s energy independence may be hiding in plain sight — in farms, waste and sugar mills

India’s ethanol success shows how homegrown fuels can cut...