Indian industry leaders have pledged $20.5 billion in investments across the U.S., highlighting the growing influence of Indian companies in various sectors, including pharmaceuticals, technology, and advanced manufacturing.
WASHINGTON, DC – Indian industry leaders have announced a substantial commitment of $20.5 billion in investments across multiple U.S. states during the SelectUSA Investment Summit 2026. This initiative underscores the increasing role of Indian companies in diverse sectors, including pharmaceuticals, advanced manufacturing, and technology.
The investments will be directed toward key states such as New Jersey, Ohio, Texas, Mississippi, California, and Michigan. These projects encompass manufacturing hubs, research centers, and emerging technology corridors. Officials anticipate that these commitments will create thousands of jobs while bolstering domestic supply chains and enhancing production capacity.
Pharmaceutical investments represent the largest portion of the total, exceeding $19.1 billion. A significant aspect of this investment is Sun Pharmaceutical Industries’ planned $11.75 billion acquisition of Organon & Co., based in New Jersey. Other notable participants in this investment initiative include Aurobindo Pharma, Biocon, Cipla, Dr. Reddy’s Laboratories, Glenmark Pharmaceuticals, Granules India, Jubilant Group, Lupin Limited, Piramal Pharma, and Zydus Lifesciences. These investments aim to expand manufacturing, research, and development capabilities, with a focus on addressing drug shortages and enhancing healthcare supply resilience.
In terms of industrial capacity, JSW Steel has confirmed a $255 million investment in modernization projects at its facilities in Ohio and Texas.
Additional manufacturing investments include plans by the Ahmedabad-based Abhyuday Group to invest over $900 million across five U.S. sites, which is expected to create approximately 1,500 jobs. Jindal Pipe and Jindal Tubular USA will invest $87 million in Texas and Mississippi, while Jivo Wellness will contribute $15 million, generating both direct and indirect employment opportunities.
Polyhose is also making a $2 million investment in Los Angeles, California, to support the U.S. shipbuilding sector.
Technology and digital infrastructure projects form another significant component of these investments. Sterlite Technologies plans to invest $100 million to enhance AI and telecom infrastructure, while Techdome Solutions will contribute $7.5 million. RoshAi is investing $5 million in Texas, and Atri AI is establishing a presence in Menlo Park, California. Additionally, Kissflow is making investments in Houston, Texas, and SatoriXR is setting up operations in Michigan.
In the energy and advanced applications sector, MagnoInnovation Lab will invest $2 million to establish field operations in the U.S.
Research collaboration is also a key element of this investment initiative. The Indian Institute of Technology Madras Global Research Foundation has committed $4.5 million to establish a research and collaboration hub in California, with plans for an additional location on the East Coast.
Officials have stated that these announcements highlight the deepening economic ties between India and the United States, with Indian companies increasingly investing across various regions and sectors of the American economy, according to India-West.