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155 Indian companies account for $22 billion FDI in US: CII survey

Over next 5 years, 77 per cent of firms looking to ramp up investments, 83 per cent to hire more

fdi, investment, companies, stocks, investor, PSU, disinvestment, shares

The surveyed companies also said spent $175 million on corporate social responsibility (CSR) and $900 million on research and development

Subhayan Chakraborty New Delhi
One hundred fifty-five Indian-origin companies have investments over $22 billion in the US and have created nearly 125,000 jobs, revealed a new survey by the Confederation of Indian Industry (CII).

Launched on Tuesday, the survey titled Indian Roots, American Soil 2020 also points to Indian investments having crossed $100 million in 20 US states.

The CII survey also said over the next five years, 77 per cent of companies plan to beef up their investments in the US, while 83 per cent plan to hire more employees locally.

US President Donald Trump has repeatedly pushed foreign companies based in the

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First Published: Jun 16 2020 | 6:32 PM IST

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