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Report says Indian companies account for 91,000 US jobs, $15 billion in investments

July 17, 2015

India-based companies account for tens of thousands of jobs and more than $15.3 billion in tangible US investments, according to a report released this week by the Confederation of Indian Industry and audit firm Grant Thornton International Ltd. The report, “Indian Roots, American Soil,” was released on Capitol Hill at an event highlighting the contributions of Indian companies to the US economy.

The report found 100 Indian companies employ more than 91,000 people across 35 states and the District of Columbia; 84.5% of the companies plan to make more investments in the US, and 90% plan to hire more employees locally in the next five years.

The average amount of investment received from Indian companies per state is $443 million. The five states in which Indian companies reported the most employment are:

  • New Jersey: 9,278 jobs
  • California: 8,937 jobs
  • Texas: 6,230 jobs
  • Illinois: 4,779 jobs
  • New York: 4,134 jobs

The five states with the highest foreign direct investment from Indian companies are:

  • Texas: $3.84 billion
  • Pennsylvania: $3.56 billion
  • Minnesota: $1.8 billion
  • New York: $1.01 billion
  • New Jersey: $1 billion

“The Indian industry is making a significant contribution to the US economy, investing billions of dollars and creating thousands of jobs across states and sectors,” said Arun Singh, India’s ambassador to the US. “This trend has grown stronger over the years and is continuing to show remarkable progress.”

The report comes as controversy continues to stir in some corners over some firms’ use of H-1B visas.