WASHINGTON DC: Several domestic companies, including JSW Steel and the Aditya Birla Group, have pledged investments in the US as Indian companies increase their American presence.
The recent 2024 SelectUSA Investment Summit in Maryland saw JSW Steel commit an additional $110 million to expand its operations in Baytown, Texas, while Aditya Birla Group announced a $50 million investment in a cutting-edge manufacturing and R&D centre in Texas.The recent partnership between Amul, India’s dairy giant, and the Michigan Milk Producers Association in May 2024 further underscores the flourishing diplomatic and economic ties between India and the US.
This trend extends beyond large corporations. Notably, Karnataka sponsored deep-tech startups from the region to attend the investment summit, providing them with a platform to network, secure funding and explore potential expansion into the US market.
“The success of this year’s SelectUSA Investment Summit highlights why the US remains the top destination for foreign investment for 12 consecutive years,” said US Secretary of Commerce Gina Raimondo.
The recent 2024 SelectUSA Investment Summit in Maryland saw JSW Steel commit an additional $110 million to expand its operations in Baytown, Texas, while Aditya Birla Group announced a $50 million investment in a cutting-edge manufacturing and R&D centre in Texas.The recent partnership between Amul, India’s dairy giant, and the Michigan Milk Producers Association in May 2024 further underscores the flourishing diplomatic and economic ties between India and the US.
This trend extends beyond large corporations. Notably, Karnataka sponsored deep-tech startups from the region to attend the investment summit, providing them with a platform to network, secure funding and explore potential expansion into the US market.
“The success of this year’s SelectUSA Investment Summit highlights why the US remains the top destination for foreign investment for 12 consecutive years,” said US Secretary of Commerce Gina Raimondo.
