Twelve Indian companies announced investments of $1.1 billion in the US on Tuesday to help create jobs and build stronger supply chains, US Ambassador to India and Special Envoy for South and Central Asia Sergio Gor said in a social media post.
Referring to investment commitments at the Maryland summit, Gor said investment flowing back to the US under the current administration is at record levels and Indian companies plan to invest over $20.5 billion in various sectors, including technology, manufacturing and pharmaceuticals.
“That includes 12 Indian companies that just today announced $1.1 billion in investments! These partnerships are creating real American jobs and building stronger supply chains. Proof that when the world’s largest democracies trade together, everyone wins,” Gor said on X.
The US International Trade Administration said in another post on social media that under the leadership of Secretary William Kimmitt, they joined the companies in announcing the news at the 2026 SelectUSA Summit. “Today’s announcement reflects that the US-India economic relationship is entering a new phase – one defined by investment, industrial capacity and technology partnership,” the agency said Tuesday (US time), citing Kimmitt.
Indian companies investing in the US include Ahmadabad-based Abhyuday Group, Mumbai-based Sterlite Technologies and PR Jindal Group, The Economic Times reported citing PTI.
Inquiries from the Mint about the company on Wednesday remained unanswered at the time of publication.
India’s foreign investment
These developments point to healthy outbound investment from India amid global uncertainty. Foreign direct investment (OFDI) stood at $7 billion in March 2026, up from $5.5 billion in the same month a year ago, according to Reserve Bank of India (RBI) data. This includes equity investments, loans and guarantees issued.
OFDI in February 2026 was $2.9 billion.
Indian businesses have a strong presence in the US market, especially in sectors such as IT, pharmaceuticals and textiles. The US is also the largest export market for India.
In February, India and the US agreed on a framework for an interim trade agreement and reaffirmed their commitment to broader bilateral trade talks.
The agreement includes India’s commitment to eliminate or reduce tariffs on a wide range of US goods. The two countries will significantly increase bilateral trade in technology products and expand joint technology cooperation, according to a report issued by the US Mission in India.
In another post on social media, Gor said that US Secretary of State Marco Rubio will visit India soon. “The US deeply values our growing partnership with India, and we are excited to build even stronger ties that will benefit our nations and the world. See you soon, Minister!” Gor said.
