A senior US Commerce Department official says Indian foreign direct investment in the United States is approximately $16.4 billion and supports about 70,800 jobs. Speaking at a CII event on the sidelines of the SelectUSA Investment Summit in National Harbour, Maryland, US Deputy Undersecretary (Policy and International Trade Administration) Brandon Remington cited cumulative data on Indian investment in the US. He also said Indian firms spent about $330 million on research and development in America and that the investments are associated with roughly $1.5 billion worth of exports. Remington did not specify the time period covered by the figures in his remarks. The two reports agree on the core figures—$16.4 billion in cumulative investment, employment support for about 70,800 jobs, and associated R&D spending—while adding limited additional context beyond the setting of the remarks and the official’s role.
Indian investments in the US reach about $16.4 billion, supporting 70,800 jobs
A senior US Commerce Department official says Indian foreign direct investment in the United States is approximately $16.4 billion and supports about 70,800 jobs. Speaking at a CII event on the sideli...
- A US Commerce Department official cites approximately $16.4 billion in cumulative foreign direct investment from India to the United States.
- The official says the investment supports about 70,800 jobs.
- The official also cites about $330 million in research and development spending by Indian firms in the US.
- The official links the investment to about $1.5 billion in exports.
- The remarks are made at a CII event during the SelectUSA Investment Summit in Maryland.
“Foreign direct investment from India to the United States was approximately $16.4 billion, which supported approximately 70,800 jobs,” said Brandon Remington U.S. Deputy Undersecretary in the Department of Commerce
3 months agoForeign direct investment from India to the United States was approximately USD 16.4 billion, which supported about 70,800 jobs, a senior US official said. Addressing a CII India Reception on the sidelines of the SelectUSA Investment Summit at National Harbour in Maryland on Monday evening, US Deputy Undersecretary (Policy and International Trade Administration) in the Department of Commerce, Brandon Remington, said Indian firms also spent USD 330 million on research and development in America. "We are pleased to welcome your investment from India. According to available cumulative data, the total stock of foreign direct investment from India to the United States was approximately USD 16.4 billion, which supported approximately 70,800 jobs, USD 313 million in research and development spending and USD 1.5 billion worth of exports," Remington said, without any reference to the period under review. A CII report released in 2023 had pegged Indian investments in the US in the range of US
3 months ago
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