Sterlite Technologies plans to invest up to USD 100 million in the US to strengthen its manufacturing capacity for AI data centres and telecom customers.
Indian foreign direct investment (FDI) in the United States has reached approximately USD 16.4 billion, supporting around 70,800 jobs and contributing significantly to research and development, according to US Deputy Undersecretary Brandon Remington.
A senior US official has emphasised the importance of openness and security in the development of artificial intelligence between India and the US, urging both nations to avoid dependencies on adversarial countries.
During the meeting with Acting Deputy US Trade Representative Wendy Cutler on Wednesday,
Such a move, Obama argued would attract larger foreign direct investment to the US.
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