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How 5 Indian firms have helped the US economy

Last updated on: November 6, 2010 18:26 IST

How 5 Indian firms have helped the US economy

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Over the last decade, investment capital from India grew at an annualised rate of 53 per cent reaching an estimated $4.4 billion in 2009.

This growing flow of capital from India reflects the increased integration of the two economies and has brought many benefits to the United States, increasing US exports and supporting tens of thousands of jobs in the last six years alone.

Indian companies have aided the turnaround of struggling US firms, saving jobs and improving company performance.

They have also made important new investments, stimulating innovation and production in the American economy.

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How 5 Indian firms have helped the US economy

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The Essar Group invested over $1.6 billion in the declining Minnesota Steel Industries and now employs over 7,200 people in almost a dozen states.

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How 5 Indian firms have helped the US economy

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The Tata Group has invested more than $3 billion in the U.S. and now employs nearly 19,000 throughout the country.

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How 5 Indian firms have helped the US economy

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Jubliant Organsys Total Capital invested $246 million in the US and now employs nearly 900 people throughout the country.

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How 5 Indian firms have helped the US economy

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Wockhardt, a pharmaceutical company, acquired Morton Grove for $37 million.

The deal preserved the jobs of all 200 original Morton Grove employees.

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Crompton Greaves, an entity of the Indian conglomerate Avantha Group, has invested and partnered on a $20 million project to launch a Center for Intelligent Power with the University of Albany.

The deal will create 100 high-tech jobs in upstate New York.



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