Indian companies commit record $20.5 billion investment in US, pharma drives push

Indian companies have pledged a record $20.5 billion investment in the United States, with the pharmaceutical sector accounting for nearly $19.1 billion of the total commitment, according to the US Embassy.

The announcements were made during an investment summit held in Maryland, signaling a major expansion of India-US economic ties across pharmaceuticals, manufacturing, energy infrastructure, and emerging technologies.

The US Embassy said the investments are expected to generate thousands of jobs in both countries while boosting American manufacturing capacity and joint innovation efforts.

US Ambassador Sergio Gor said the investments align with the goal of doubling bilateral trade between India and the US to $500 billion by 2030 through “fair, balanced, and mutually beneficial trade”.

A major share of the investment wave comes from Indian pharmaceutical companies, led by Sun Pharmaceutical Industries Ltd’s proposed $11.75 billion acquisition of New Jersey-based Organon & Co. Other participating firms include Aurobindo Pharma Ltd, Biocon Group, Cipla Ltd, Dr. Reddy’s Laboratories Ltd, Glenmark Pharmaceuticals Ltd, Granules India Ltd, Jubilant Group, Lupin Ltd, Piramal Pharma Ltd, and Zydus Lifesciences Ltd.

The embassy said the investments will support manufacturing expansion, new greenfield facilities, and research and development initiatives aimed at strengthening the US healthcare supply chain, increasing access to essential medicines, and addressing drug shortages.

Outside pharmaceuticals, JSW Steel reaffirmed plans to commission modernization projects worth $255 million at its facilities in Ohio and Texas.

In manufacturing, Ahmedabad-based Abhyuday Group announced investments exceeding $900 million across five US sites, expected to create 1,500 jobs. PR Jindal Group’s Jindal Pipe and Jindal Tubular USA will invest $87 million in expansion projects in Texas and Mississippi, generating 140 jobs.

Delhi-based Jivo Wellness said it will invest $15 million, creating 50 direct jobs and up to 150 indirect jobs, while Polyhose Inc. will invest $2 million in Los Angeles to support the US shipbuilding sector.

Indian firms also unveiled major investments in artificial intelligence, telecom, and digital infrastructure. Mumbai-based Sterlite Technologies Ltd will invest $100 million to support AI and telecom infrastructure projects, creating up to 500 jobs.

Techdome Solutions from Indore plans to invest $7.5 million and create 100 jobs, while Kerala-based RoshAi will invest $5 million in Texas. Chennai’s Atri AI, Kissflow, and SatoriXR also announced fresh investments in California, Houston, and Michigan respectively.

In the energy and research sectors, Kerala’s MagnoInnovation Lab will invest $2 million to establish US field operations for energy applications. The Indian Institute of Technology Madras Global Research Foundation will invest $4.5 million to set up a research and collaboration hub in California, with plans to expand to the US East Coast.