Indian companies committed a historic $20.5 billion during the SelectUSA Investment Summit, highlighting the rapid growth of bilateral trade and investment, with a focus on pharmaceuticals and manufacturing, as diplomatic and business ties strengthen.
Sergio Gor, the US ambassador to India, used a business gathering this week to press Indian companies to expand in America, saying the latest wave of investment showed how central the relationship has become to both economies. Speaking at the SelectUSA Investment Summit, Gor said Indian firms had brought in more than $20 billion in fresh US investment, while emphasising that the figures reflected a broader pattern of deepening commercial ties between the two countries.
At the summit, Indian companies were said to have committed a record $20.5 billion, with pharmaceuticals accounting for more than $19.1 billion of planned spending, according to Moneycontrol and other reports from the event. That total, if fully realised, would make India one of the most significant foreign investors at the summit and would be expected to support manufacturing, research and development, and supply chains across several states.
Gor pointed to a number of companies already operating in the United States, including Sundaram Clayton, Natco Pharma, Aurobindo Pharma and Roots Group. He said nearly 70% of the members of the Indo-American Chamber of Commerce are Indian firms and that more than 1,400 members have already invested in the US or teamed up with American businesses. According to his remarks, Indian investment has translated into factory projects, expanded production and thousands of jobs on American soil.
The ambassador also linked the investment surge to the wider economic relationship, saying trade in goods and services had risen from roughly $20 billion to more than $240 billion in a little over 20 years. He said both sides still aim to reach $500 billion in bilateral trade by 2030, with cooperation spanning artificial intelligence, semiconductors, aerospace, defence and energy. Separate reports said negotiations on an interim trade agreement are nearing completion, underscoring how business investment and diplomacy are moving in tandem.
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