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Indian companies pledge to invest record $20.5 billion in US; pharma in focus

The Indian Express·Shubhajit Roy·26 days ago
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Indian companies have pledged a record $20.5 billion investment in the United States during a summit in Maryland, with pharmaceutical firms accounting for over $19.1 billion in planned manufacturing and R&D projects. (File Photo) Indian companies have pledged to invest a record $20.5 billion in the United States, which includes $19.1 billion in pharmaceuticals, the US embassy said on Wednesday. The commitments were made during an investment summit in Maryland, US. According to the US embassy, the commitments span key sectors including pharmaceuticals, advanced manufacturing, energy infrastructure, and emerging technologies, and are expected to create thousands of jobs in both countries while expanding US production and joint innovation capacity. The US embassy statement quoted Ambassador Sergio Gor saying, “I am proud to advance our goal to double US-India bilateral trade to $500 billion by 2030.…

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