Ambassador Sergio Gor said he was proud to advance the goal of doubling U.S. India bilateral trade to $500 billion by 2030. He made the remark at the SelectUSA kick off reception in New Delhi. He said fair, balanced, and mutually beneficial trade is helping attract world class investment and create shared prosperity for both nations.
Pharma Leads Indian Commitments
A large share of the investment comes from India’s pharmaceutical sector. More than $19.1 billion is planned for US manufacturing, research and development, and new facilities. That makes pharma the biggest driver of the overall package. The input also says additional spending will flow into steel, connectivity, and energy supply chains.
These projects are expected to strengthen US industrial capacity. They will also help build more resilient and secure supply chains. In addition, 12 Indian companies announced more than $1.1 billion in new greenfield and expansion projects across several states. Those projects will support jobs in manufacturing, technology, and engineering.
The announcements also exceed the total of all earlier SelectUSA investment announcements from India. They represent the largest number by any country at this year’s summit.
The SelectUSA Annual Investment Summit remains the top US event for business investment. It connects thousands of investors, companies, economic development organizations, and industry experts. The goal is simple. It helps deals happen and opens new opportunities for investment in the United States. (Maxim News)
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