7 July, WASHINGTON: Investment by Indian companies in the US has touched a record $11 billion and in the process has created more than 100,000 jobs, a study has revealed.
The report, ‘Investing in America, How India Helps Create American Jobs’ by the US India Business Council demonstrating the ways the US economy is benefiting from the successful bilateral and business relationship with India, is slated to be released during the USIBC’ 38th Anniversary Leadership Summit on July 11.
In October last year, the US Deputy Secretary of State, William Burns, had said that between 2000 to 2010, the Indian direct investment in America grew from $200 million to nearly $5 billion. In his same speech he had said that Indian firms have helped create some 50,000 jobs in the US.
