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As many as 67 Indian companies have shown interest to participate in the SelectUSA Investment Summit to be held from June 20 to 22, near Washington DC.
According to the US Consulate General Principal Commercial Officer Jonathan Ward, this is higher as compared to last year, when close to 60 Indian companies had participated in the investment summit.
However, only four companies from the eastern region have shown inclination to be a part of the upcoming event so far, as compared to the participation from 10-odd companies last year.
“Out of the 67-odd respondents nationally so far for this year’s summit, only four are from the east. We expect a higher level of participation as time is still there,” Ward said at a news conference here on Friday.
Several companies from the eastern region such as IFGL Refractories, Usha Martin, RP-Sanjiv Goenka group, ITC Infotech, Tata Steel, Patton and EMC, have presence in the US.
According to Craig Hall, US Consul General, the US-India bilateral relationship is growing at a quick pace and economic ties are a driving force bringing the two countries together.
“Leading the effort to strengthen the business ties are private American investors investing in India and Indian investors starting new businesses in America. SelectUSA is an opportunity for Indian investors to meet potential partners in the US and to learn about support available from the federal and state governments,” Hall said.
Indian delegation
US Ambassador to India Kenneth Juster will lead the Indian delegation to this year’s summit, which is aimed at connecting private investors from around the world with all the US states and their economic development organisations to facilitate foreign direct investment into the US.
Since the first summit held in 2014, participants have announced over $71 billion in new investment projects in the US, supporting thousands of jobs, expanding exports, and driving innovation through manufacturing, services, and increased research and development.
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