Indian companies have announced fresh investments worth more than $1.1 billion in the United States at the 2026 SelectUSA Investment Summit, as economic ties between the two countries continue to deepen across sectors including manufacturing, artificial intelligence, aerospace, defence, energy and pharmaceuticals.
US Ambassador to India Sergio Gor, in a post on X, said Indian companies are planning to invest over $20.5 billion in the United States across multiple sectors. He added that 12 Indian companies alone announced investments worth $1.1 billion during the summit.
“Under President Trump’s leadership investment is flowing back into the United States at record levels,” Gor wrote, adding that the investments would help create American jobs and strengthen supply chains.
The announcements were made at the SelectUSA Investment Summit being held at National Harbour in Maryland near Washington DC. According to US Under Secretary of Commerce for International Trade William Kimmitt, this marked the largest number of investment announcements from a single delegation at the summit so far.
The newly announced investments are expected to create around 1,500 jobs in the US. Among the largest commitments, Abhyuday Group announced plans to invest nearly $900 million to establish manufacturing clusters across five American states. Sterlite Technologies also announced a greenfield investment of up to $100 million in the US for optical fibre and connectivity solutions.
Other companies participating in the investment push include firms from sectors such as industrial technology, healthcare, AI, steel, defence and clean energy.
The development comes amid broader efforts by India and the US to deepen bilateral economic engagement. Ahead of the summit, Ambassador Sergio Gor had reiterated Washington’s goal of expanding bilateral trade between the two countries to $500 billion by 2030.
US officials also highlighted the growing contribution of Indian firms to the American economy. According to US Deputy Undersecretary Brandon Remington, cumulative Indian foreign direct investment in the US currently stands at around $16.4 billion and supports over 70,000 jobs. Indian firms have also contributed significantly to research and development spending and exports in the US.
Industry bodies have earlier estimated Indian investments in the US at even higher levels. A 2023 Confederation of Indian Industry (CII) report had pegged Indian investments in the US at nearly $40 billion, supporting over 4.25 lakh jobs.
The latest announcements underscore India Inc’s increasing global expansion ambitions and reflect strengthening strategic and economic alignment between the world’s two largest democracies.