- May 5, 2026
US Ambassador Sergio Gor Announces Major Investments By India Soon At Select USA Summit
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US Ambassador Sergio Gor highlights record Indian investments soon at the 2026 Select USA Summit, boosting US jobs.
US Ambassador to India Sergio Gor (IMAGE: AFP)
US Ambassador Sergio Gor on Tuesday said major new investments will be made by India during the 2026 Select USA Summit.
“Massive new investments from India are flowing into the United States at the 2026 Select USA Summit – the largest we’ve ever seen. This is what a true win looks like for the American economy. Details soon!” Gor said in a post on X.
BIG NEWS coming! Massive new investments from India are flowing into the United States at the 2026 #SelectUSASummit – the largest we’ve ever seen. This is what a true win looks like for the American economy. Details soon! pic.twitter.com/vinQEjAPVy— Ambassador Sergio Gor (@USAmbIndia) May 5, 2026
Addressing a CII India Reception on the sidelines of the Summit at National Harbour in Maryland on Monday evening, US Deputy Undersecretary (Policy and International Trade Administration) in the Department of Commerce, PTI quoted Brandon Remington, saying Indian firms also spent $330 million on research and development in America.
“We are pleased to welcome your investment from India. According to available cumulative data, the total stock of foreign direct investment from India to the United States was approximately USD 16.4 billion, which supported approximately 70,800 jobs, USD 313 million in research and development spending and USD 1.5 billion worth of exports,” Remington said.
According to PTI, a CII report released in 2023 had pegged Indian investments in the US in the range of $40 billion, which had led to the creation of 4.25 lakh jobs.
Last week, India’s Sun Pharmaceutical Industries Ltd announced a USD 12 billion deal to acquire New Jersey-based Organon & Co.
The CII India reception at National Harbour was attended by Delaware Governor Matt Meyer, Guam Governor Loun Leon Guerrero, Maryland Lt Governor Aruna Miller and a host of US officials and business leaders.
“Indian companies are also making a growing contribution to the US economy, bringing in capital, supporting jobs, strengthening supply chains, and contributing to communities across states,” said Namgya Khampa, Deputy Chief of Mission in the Indian Embassy.
She further said that in areas like advanced manufacturing, pharmaceuticals, energy, and many more sectors, Indian companies were supporting hundreds of thousands of jobs across the US, including in the Maryland-DC area.
PTI cited the CII report stating that the top three states with the most reported FDI from Indian companies were Texas (USD 9.8 billion), Georgia (USD 7.5 billion) and New Jersey (USD 4.2 billion).
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