Indian investment in the US tops USD 1.1 billion at SelectUSA, spanning AI, energy, and defence

Indian firms announced more than USD 1.1 billion in planned investments in the United States. The statements came on Tuesday at the SelectUSA Investment Summit. The event was held at National Harbour in Maryland. The investments covered aerospace, defence, energy, advanced manufacturing, and artificial intelligence. Organisers said the plans would create about 1,500 jobs in the US.

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US Under Secretary of Commerce for International Trade William Kimmitt said the Indian delegation made a record set of commitments. "We have 12 Indian companies making investment announcements at this summit, totalling more than USD 1.1 billion. That is the largest number of announcements we have seen from a single delegation at SelectUSA,\" William Kimmitt said here. William Kimmitt also outlined the main sectors covered.

Indian investments in the US: largest deals and factory plans

Abhyuday Group outlined the biggest plan, worth USD 900 million. The company aimed to build manufacturing clusters across five US states. Mumbai-based Sterlite Technologies Limited said it planned a greenfield factory investment. The outlay could reach USD 100 million. The facility would provide connectivity solutions, including terminating optical fibre cables.

PR Jindal Group said it intended to invest USD 87 million in Texas and Mississippi. Delhi-based Jivo Wellness Group also shared a manufacturing plan. Jivo Wellness Group put the proposed outlay at USD 15 million. Both announcements were part of the broader package of Indian investments presented on Tuesday.

Indian investments in the US: technology and AI expansion

TechDome Solutions, a technology firm based in Indore, announced up to USD 75 million. TechDome Solutions said the plan would create 100 US jobs. The hiring would take place over the next five years. Chennai-based Atri AI planned to invest about USD 2 million over 2-3 years. Atri AI aimed to build engineering, sales, and technology operations.

Satori XR team from Chennai said it set up US headquarters in Michigan. Satori XR team planned to invest USD 1.5 million over five years. The plan included creating 20 to 25 jobs. Roles would span engineering, enterprise sales, marketing, and customer management. Roche AI from Kerala planned a first US presence in Texas. Roche AI said it would invest USD 5 million and create up to 20 roles.

Indian investments in the US: drones, energy support, and research links

Magno Innovation from Kerala planned a US field operations base. Magno Innovation develops aerial drones and geospatial intelligence platforms for oil and gas. The initial investment was set at USD 2 million. Polyhose Inc. planned to expand operations with USD 2 million. The expansion centred on a facility in Los Angeles.

KISSFLOW from Chennai said it would invest USD 2 million in Houston. The facility would support the energy sector. The Indian Institute of Technology Madras Global Research Foundation planned a California location. The plan aimed to support research ties with US universities and colleges. It also included seminars and classes, with USD 4.5 million allocated.

With inputs from PTI