One hundred 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 Confederation of Indian Industry (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, as well as Washington, D.C., and Puerto Rico. 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 foreign direct investment (FDI) from Indian companies.
The surveyed companies also provided data regarding their corporate social responsibility (CSR) and research and development expenditures, which totaled $147 million and $588 million, respectively.
“Indian industry and professionals are making significant contributions to the U.S. economy – I am delighted that this fact is being recognized today at the CII event on Capitol Hill,” said Ambassador Navtej Sarna, India’s Ambassador to the U.S. “The presence and reach of Indian companies continues to grow each year as they invest billions of dollars and create jobs across the United States.”
Ambassador Sarna continued: “The CII study ‘Indian Roots, American Soil’ highlights Indian industry’s ascension as a significant stakeholder in the U.S. economy – this is a critical component of our strong and vibrant bilateral relationship with the U.S, which continues to flourish in strategic terms as well.”
Key findings in the report:
- Together, 100 Indian companies employ 113,423 people across 50 states, the District of Columbia and Puerto Rico.
- The total value of tangible investments made by these 100 companies exceeds $17.9 billion.
- The top five states in which Indian companies have generated maximum employment are: New Jersey (8,572 jobs), Texas (7,271 jobs), California (6,749 jobs), New York (5,135 jobs) and Georgia (4,554 jobs).
- The top five states in which Indian companies have contributed the highest foreign direct investment are: New York ($1.57 billion), New Jersey ($1.56 billion), Massachusetts ($931 million), California ($542 million) and Wyoming ($435 million).
- The average amount of investment received from Indian companies per state/territory is $187 million.
- 85% of the companies plan to make more investments in the United States.
- 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 defense, financial services, healthcare, materials and manufacturing, tourism and hospitality, engineering and construction, automotive, food and agriculture, energy and information technology.
CII released the study on Capitol Hill today during an event that highlighted the contributions of Indian companies to the U.S. economy in the form of FDI, jobs created and saved, research and development, skills training and local corporate social responsibility initiatives. Ambassador Sarna spoke in support of the contributions. In addition, several members of the U.S. Congress and a delegation of CII member-companies with investments and operations in the U.S. participated in the event.
Chandrajit Banerjee, Director General, CII:
“CII is proud of its flagship biannual initiative, ‘Indian Roots, American Soil’ – through this survey report and the event on Capitol Hill, we are able to highlight the best of Indian industry in the United States – their positive contributions to the U.S. economy and society through investments, job creation, CSR and skill-building initiatives, which have immediate and visibly positive multiplier effects on the local communities where our companies have invested and put down roots. The story of Indian investment in the U.S. is one that showcases how intertwined we are as nations that contribute to each other's success. CII is extremely optimistic about the growth of the U.S.-India business and strategic partnership – today’s event and report launch in the heart of the U.S. Capitol will hopefully help shine a light on an untold aspect of this story of collaboration.”
QUOTES FROM MEMBERS OF CONGRESS:
Senator Chris Van Hollen, Maryland
“Indian firms are among the fastest growing investors in the United States, contributing to growth and job creation in our economy. As the partnership between the United States and India deepens, so too do our economic ties, and the Confederation of Indian Industry will play an important role in these efforts.”
Congressman Ami Bera, California – 7th district, former Co-Chair of the Congressional Caucus on Indian and Indian Americans
"As the world’s oldest democracy and the world’s largest democracy, a strong U.S.-India partnership is vital for the 21st century. As the longest serving Indian-American in Congress, I have been proud to help build U.S.-India cooperation. I hope we continue to see the United States engaging with Indian businesses, and today’s event with the Confederation of Indian Industry is a great way to keep that momentum going.”
Congressman David Brat, Virginia – 7th district
“I am glad to see the principles of free market economics being celebrated today on Capitol Hill as we recognize the contributions Indian Industry have brought to the US economy and states. According to CII’s survey, Indian companies in Virginia have invested over $37 million in my state, and I can only hope that they will continue to invest in Virginia and that our engagement with these companies will continue to grow.”
Congressman George Holding, North Carolina – 2nd district
“I want to thank the Confederation of Indian Industry for their efforts in promoting Indian direct investment in the United States. In addition to spurring economic activity, particularly in North Carolina, this type of investment serves to strengthen the bond between our two countries.”
Congresswoman Sheila Jackson Lee, Texas – 18th district
“Events like the CII report release today highlighting Indian companies’ investment and job creation contributions are critical as we continue deepening our relationship with India beyond strategic and defensive measures. The data from the report not only demonstrates the depth and breadth of Indian companies’ investment in our states – my own state of Texas having benefitted from the second-highest number of jobs created – but in addition, R&D and CSR initiatives being undertaken shows that these companies are truly part of the social and economic fabric of the U.S., and have put down roots and are growing with our communities.”
Congresswoman Bernice Johnson, Texas – 30th district
“As the first African-American and female Ranking Member of the House Committee on Science, Space, and Technology, and as a Member of Congress representing the Dallas, Texas area—one of the nation’s trade hubs--I have seen firsthand how thriving commercial exchange, whether in high tech or other goods and services, is strengthening the friendship between the U.S. and India. According to the CII report “Indian Roots, American Soil” being released today on Capitol Hill, my state of Texas is one of the top ten beneficiaries of Indian investment in the U.S., as well as the in second-largest site of job creation by Indian companies. Moving forward, I hope to see further engagement with these Indian companies, who are strengthening our economy and communities by choosing to invest in Texas.”
Congressman Raja Krishnamoorthi, Illinois – 8th district
“Events like today’s CII survey report release are heartening reminders of the deepening relationship between the U.S. and India: the world’s oldest and largest democracies. The report shows that Indian companies have invested over $195 million in the state of Illinois, and created over 3,800 jobs – as the son of immigrants and an advocate for a strong middle class, I hope that Indian companies continue to put down roots and invest in our state, as our economy and community are strengthened by their engagement with us.”?
Congressman Pete Sessions, Texas – 32nd district
“The friendship between the United States and India has continued to grow under President Trump’s administration. Indian businesses have brought hundreds of millions of dollars and thousands of jobs to Texas and, at the same time, the reforms led by Prime Minister Modi have opened doors for American companies to expand their operations in India. I am glad to see, as CII’s event today proves, bonds between our nations – both commercial and strategic - continue to grow stronger.”
Congressman Darren Soto, Florida – 9th district
“Having just returned from a delegation to India as part of the House Committee on Science, Space, and Technology, I was excited to learn from CII’s “Indian Roots, American Soil” report that Indian companies have invested over $13 million in our state, and are employing nearly 4,000 people. I hope this momentum persists and our relationship with India continues to grow as companies choose to invest in Florida and our communities.”
QUOTES FROM CII-INDIA BUSINESS FORUM MEMBER COMPANIES:
Mani Iyer, Chairman of CII-India Business Forum and President & CEO, Mahindra Americas
“Mahindra’s tractor and utility vehicle business continues to grow market share in the United States. The past year has seen a major refresh and expansion of our product lines, growth in our supplier base, employment, and an increase in investments across all partnerships, creating significantly more jobs in small and medium size industries and communities around the country. The Mahindra group of companies is committed to building on its presence and re-investing in the U.S. on all of its businesses, driving positive change by giving back to communities through scholarships, equipment donations for disaster relief and first responders and support of our military. We are proud to be a part of the Indian industry FDI story in the United States.”
Ted Sojourner, CEO & President, Essel Propack
“Essel Propack America is located in the heart of Southern Virginia. Within the community of Danville we produce the world’s largest and most versatile selection of laminate tubes and closures for a broad range of markets including the beauty and cosmetics, pharma and health, oral, home and food industries. Being on Capitol Hill with CII today is a great way for us to demonstrate how we are working with our local community in a socially responsible manner and helping support the growth and development of Danville.
Ravi Kumar, President and Deputy COO, Infosys
“Infosys began working with our first U.S. client over 35 years ago and, as reflected in CII’s “Indian Roots, American Soil Report,” we have worked to boost American innovation ever since. Earlier this year, we announced plans to hire 10,000 American workers over the next two years, partnering with local colleges and universities to shrink the IT skills gap in the U.S., and are focused on upskilling and reskilling workers seeking to grow their careers in computer science. Infosys Foundation USA is also part of this effort, increasing access to high quality computer science education and coding skills with a particular focus on underrepresented communities in America. The Foundation’s work has benefitted over 4,700,000 students, 13,000 teachers and 21,000 schools across all 50 states in America since 2015.
Sofia Mumtaz, President, Lupin Pharmaceuticals
“Founded on the strengths of our parent company Lupin Limited, Lupin Pharmaceuticals, Inc. is dedicated to delivering high-quality, branded and generic medications to the U.S. market. We are honored to be on Capitol Hill with CII demonstrating to legislators the ways in which we are contributing to the U.S. economy while helping arrest soaring healthcare costs through innovative and high quality pharmaceutical products.”
James Shapiro, Resident Director – North America, Tata Sons Limited
“As the largest India-headquartered multinational in North America, the Tata Group has had operations and investments in the U.S. market for many decades. With 12 companies covering diverse operations, including software and IT services, hotels, automobiles, telecom, chemicals and engineering, the Tata portfolio includes some of the most recognized brands in North America. The five core values of integrity, understanding, excellence, unity and responsibility guide all our operations and the way we conduct business in the United States. We are proud to be part of the Indian FDI story and are thrilled to be represented at today’s CII event on Capitol Hill.”
Lakshmanan Chidambaram, President - Strategic Verticals, Tech Mahindra
“At Tech Mahindra, we connect the world via innovative and customer-centric IT experiences. The US is our single biggest market, and we hire US college graduates to enhance our local presence and help our communities to also rise. We are here proudly representing Indian industry on Capitol Hill today, because we are proud of how Tech Mahindra continues to help this nation thrive.”