India among fastest growing FDI sources for USA

According to the US Embassy, India is one of the fastest growing FDI sources for the United States with investors from the country more interested in US’ aerospace and textile sectors. Officially India is the fourth fastest growing source of FDI into the United States. The total stock of FDI from India to the United States is USD 11 billion. Indians are investing in sectors like aerospace, textiles, IT and life sciences. Indian firms employ around 44,000 American workers and export more than USD 2 billion worth of goods from America.

Under the SelectUSA program to promote investment in the United States, the country will organise roadshows in Delhi, Mumbai and Chennai in October. From October 26, US will organise a national aerospace FDI exposition in Los Angeles for the first time to attract investment from foreign countries in the sector.

Between January 2003 and October 2014, 362 investment projects were announced by Indian firms in USA.