Friday, April 26 2024, 10:39 PM
Friday, April 26 2024, 10:39 PM
#Washington
As many as 163 Indian companies have invested more than USD 40 billion in the United States so far which has created nearly 425,000 jobs in the country, according to a survey.
The survey titled ‘Indian Roots, American Soil’ of the Confederation of Indian Industry (CII), which was launched on Wednesday by India’s Ambassador to the United States Taranjit Singh Sandhu (pic) in the presence of US Ambassador-designate to India Eric Garcetti, also revealed that Indian companies spent nearly USD 185 million as corporate social responsibility in the US and their financing of US-based R&D projects is nearly USD 1 billion. “Indian companies in the US bring strength, resilience and competitiveness to the US. They create jobs, support the local communities, and build capacity and technical know-how. They create virtuous cycles of prosperity,” Sandhu said.PTI
