Indian Companies In US

The waters are rising for firms whose earnings are not enough to repay debt

Shringla said Indian IT companies in the US are deeply embedded in the roots of American society and their contributions have exceeded far beyond the economy

Apart from pumping in $17.9 billion into the US economy, the top 100 home grown firms operating in the United States also currently employ more than 113 thousand people. Titled 'Indian Roots, American Soil', the report was released by the Confederation of Indian Industry (CII) on Wednesday, states that Indian companies have also contributed $147 million towards corporate social responsibility and $ 588 million as research and development expenditures in the US.The data paints the reach and spread of Indian FDI across all 50 states of the US, showing the significant impact that investment by 100 leading Indian firms have had on the US economy.It shows that most investments continue to be focused on major manufacturing centers such as New Jersey and New York on the eastern seaboard as well as Texas and California. Overall, the report found 23 states were found to have 10 or more Indian companies present. This nullifies the argument of the US government that foreign firms are only ...