On Tuesday, twelve Indian businesses declared a collective investment of $1.1 billion in the United States, aiming to create jobs and enhance supply chains. This announcement was made by Sergio Gor, the US ambassador to India, during the SelectUSA summit in Maryland. Gor emphasized that investments from India are at record levels, with Indian companies planning to invest over $20.5 billion in sectors such as technology, manufacturing, and pharmaceuticals. The US's International Trade Administration noted that this marks a new phase in the US-India economic relationship, characterized by increased investment and technology partnerships. The Indian companies involved include the Abhyuday Group from Ahmedabad, Sterlite Technologies, and PR Jindal Group from Mumbai. This development underscores India's growing outbound investment, which reached $7 billion in March 2026, up from $5.5 billion the previous year. The US remains India's largest export market, further solidifying the significance of these investments.