Indian Cos Generated 81,000 Jobs In U.S. In 2013: Survey

Kapil Sharma, senior general manager of Tata Sons, moderating a panel discussion later, said the upward trajectory of the two-way trade is undeniable. He pointed to the lesser told story of Indian investment into the U.S. as an example of how the bilateral success has been fuelled.

The Tata Group, reflective of this success, is itself one of the largest and most diverse India-based investors in the U.S. employing 20,000 people in over 30 states in the U.S.

Essar Americas CEO Madhu Vuppuluri said the company has major investments in mining in Minnesota and is prepared for investments to go above $3 billion if state permits come through.

Mahindra, with investments in California, Georgia, Kansas, Pennsylvania, Tennessee and Texas, has created 3,000 jobs in the U.S. said its USA President Mani Iyer.

Gilead has collaborations with 15 drug manufacturers in India with licenses to provide Gilead medicines in resource-constrained countries, said company’s Vice-President, Access Operations and Emerging Markets, Clifford Samuel.

The event, which highlighted the economic successes of three US corporations in India and three Indian companies in the U.S. was attended by several U.S. lawmakers including House India Caucus Co-Chair Joseph Crowley, Pete Olson, Ami Bera and Rick Nolan.

Indian Ambassador to the U.S. S Jaishankar and USIBC President Ron Somers also addressed the event.
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Source: PTI