India Inc created 2,500 US jobs since 2005: CII

Indian companies operating in the US have created over 2,500 jobs in America since 2005 on account of buyouts of the US firms, according to a CII study.

Nearly two-thirds of Indian firms, which have operations in the US, have generated 2,585 jobs in America in the last six years due to their acquisition of US firms, the study said.

Since 2005, Indian firms have acquired various American companies with a total deal size of about $6 billion.

The survey, which was based on 35 CII–India Business Forum member companies, representing sectors such as pharma, telecom, healthcare and energy among others.

In all, these Indian companies employ more than 60,000 people across 40 states of the US and an overwhelming majority of employees in these firms are American citizens.

"Indian businesses have widely invested in the US and have sustained and generated thousands of direct and indirect jobs and have contributed to the global competitiveness of US companies," Indian Ambassador to US Meera Shankar, who was present during the release of the study in Washington said.