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New Delhi: Indian companies are planning to invest $20.5 billion, about Rs 1.71 lakh crore, in the United States across technology, manufacturing, pharmaceuticals, aerospace, defence, energy, advanced manufacturing and artificial intelligence, according to US Ambassador to India Sergio Gor. The announcements were made around the SelectUSA Investment Summit held at National Harbour in Maryland.

The development puts Indian firms in the middle of a larger India-US business push, with both countries trying to deepen trade, technology and supply chain ties. For Indian tech and manufacturing companies, this is also a signal that overseas expansion is no longer just about software offices and sales teams. It is now moving into factories, AI systems, research centres and field operations.

Under President Trump’s leadership investment is flowing back into the United States at record levels! Indian companies plan to invest over $20.5 billion in various sectors including tech, manufacturing, and pharmaceuticals. This includes the 12 Indian companies who announced…

— Ambassador Sergio Gor (@USAmbIndia) May 6, 2026

Indian companies line up big US investments

Sergio Gor said Indian companies plan to invest more than $20.5 billion in the US. In rupee terms, that is roughly Rs 1.71 lakh crore. He said 12 Indian companies announced $1.1 billion, around Rs 9,183 crore, in fresh investments on the same day.

Gor said, “Under President Trump’s leadership investment is flowing back into the United States at record levels! Indian companies plan to invest over $20.5 billion in various sectors including tech, manufacturing, and pharmaceuticals.”

He added, “These partnerships are creating REAL American jobs and building STRONGER supply chains. Proof that when the world’s largest democracies do business together, everyone wins.”

Which Indian companies are investing?

The largest announcement came from Abhyuday Group, which plans to invest $900 million, about Rs 7,513 crore, to set up manufacturing clusters across five US states.

Sterlite Technologies Limited has planned a greenfield factory investment of up to $100 million, around Rs 835 crore, for connectivity solutions, including optical fibre cable work. PR Jindal Group announced an $87 million investment in Texas and Mississippi.

Smaller but notable technology-linked investments are also part of the list. Chennai-based Atri AI plans to invest about $2 million over two to three years for engineering, sales and technology operations. Kerala’s Magno Innovation plans to set up a US field operations base for aerial drones and geospatial intelligence platforms.

Roche AI, based in Kerala, plans a $5 million investment in Texas for physical AI and industrial autonomy systems. Chennai’s KISSFLOW will invest $2 million in Houston to support the energy sector.

US Under Secretary of Commerce for International Trade William Kimmitt said the 12 Indian company announcements total more than $1.1 billion and are expected to create 1,500 jobs in the US.