India Newsletter
September 2017
The 2017 SelectUSA Investment Summit was a roaring success. With more than 2,800 participants, the event drew its largest number of attendees yet, which included 65 delegates from India, the fourth largest delegation in attendance.
Led by Chargé d’Affaires MaryKay Carlson and Minister Counselor for Commercial Affairs Patrick Santillo, the delegation met with service providers, U.S. economic development organizations, U.S. government officials, and other key stakeholders. KPMG India and USIBC organized a welcome event for the delegation, and CII and the Embassy of India in Washington, D.C. hosted a closing reception for the group. Additionally, the delegates had the opportunity to meet with U.S. Secretary of Commerce Wilbur Ross.
SelectUSA is incredibly grateful to all 65 delegates for participating in the Summit, and we hope to see this number increased at the next SelectUSA Investment Summit, June 20-22, 2018. Sign up for updates here.
During the 2017 SelectUSA Investment Summit, two Indian investment announcements took place: Genpact and S.R. Beadings, Ltd. Genpact announced its expansion into Jacksonville, FL, while S.R. Beadings inaugurated its new office in Prince George's County, MD.
 Genpact, a global professional services firm, announced the opening of a new delivery center in Jacksonville and expects to add up to 200 jobs in the first year of operation. The company plans to hire local leaders for human resource and training jobs, leveraging connections with local colleges and professional organizations in the Jacksonville metro area.
S.R. Beadings, Ltd., a supplier to the automotive industry, decided to establish a new manufacturing unit after exporting to the United States for 15 years. The company's Managing Director, Sanjeev Sachdeva, registered for the 2017 Summit after meeting with the U.S. Commercial Service. It was at the Summit where Sachdeva met with the Prince George's County's Economic Development Office. After discussing potential opporutnities, S.R. Beadings chose to register a new company in the United States: SRS McCoy, Inc.
During her recent visit to Chennai, Chargé d’Affaires (CDA) MaryKay Carlson met with representatives from three south Indian companies to discuss their $123-million investments in the United States, investments that have led to the creation of almost 400 U.S. jobs. Their stories exemplify how Indian companies are directly contributing to the U.S. economy and how Mission India promotes the U.S.-India economic partnership.
At the end of 2016, total stock of foreign direct investment (FDI) in the United States reached a record $3.7 trillion, and in 2015 FDI was responsible for 6.8 million direct jobs in the United States, an increase of 1.5 million since the end of the 2009 recession.
You can explore this data and more with SelectUSA’s data visualization tool and updated fact sheets at SelectUSA.gov. Additionally, we encourage you to check out #FDIintheUSA on Twitter, SelectUSA's annual campaign that highlights the economic benefits of FDI at the state/territory and national levels through infographics and interactive conversations.
SelectUSA frequently features guest blog posts from U.S. economic developers, highlighting the work of EDOs across the United States. Part of the EDO Spotlight series, these great posts feature stories of economic growth, job creation, and specific examples of international companies becoming part of local U.S. communities.
For more information on SelectUSA services and how to invest in the United States, please contact:
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Rahul Padmanabha
U.S. Commercial Service/ U.S. Department of Commerce
9th Floor, JW Marriott Hotel,
24/1 Vittal Mallya Road
BENGALURU - 560 001 INDIA
T: +91 80 2227 3143
M:+ 91 9611204466
rahul.padmanabha@trade.gov
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