India-US Relations: Indian companies are holding America in the storm of job cut, fear of losing 8 million jobs in US – Indian companies have invested more than 40 billion dollar in us creating lakhs of jobs
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This claim has been made in a survey ‘Indian Roots, American Soil’ by CII, an organization of Indian industry. The survey was launched on Wednesday by India’s Ambassador to the US, Taranjit Singh Sandhu. US Ambassador to India Eric Garcetti was also present on the occasion. Sandhu said that Indian companies have brought strength, resilience and competitiveness to America. They have created jobs, supported local communities and built capacity and technical know-how. He has increased the prosperity of the country. India has always believed that success should be shared. During this, many representatives of Indian companies who came to participate in the Select USA Summit were included.
Which states have benefited the most
According to CII Director General Chandrajit Banerjee, Indian companies have shown their resilience and commitment by increasing investment and job creation in the US market. He has spread his business all over the country. In future also they have plans to invest more in America and hire more people. This is an indication that the economic relations between India and America are moving in the right direction. Texas, New York, New Jersey, Washington, Florida, California, Georgia, Ohio, Montana and Illinois have benefited the most from investments by Indian companies.
Investments by Indian companies have created 20,906 jobs in Texas, 19,162 in New York, 17,713 in New Jersey, 14,525 in Washington, 14,418 in Florida, 14,334 in California, 13,945 in Georgia, 12,188 in Ohio, 9,603 in Montana and 8,454 in Illinois. Indian companies have made maximum investment in Texas ($9.8 billion). It was followed by Georgia ($7.5 billion), New Jersey ($4.2 billion), New York ($2.1 billion), Massachusetts ($1.4 billion), Kentucky ($908 million), California ($776 million), Maryland ($720 million). ), Florida ($711 million) and Indiana ($582 million) are his top investments.
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