Indian Roots, American Soil: Adding Value to U.S. Economy and Society
For many Indian companies, international expansion constitutes an integral part of their overall growth strategy today. Through green-field ventures, collaborative partnerships, investments and most significantly, through mergers and acquisitions, Indian companies have experienced robust growth, which forms the bedrock of furthering business ties, fueling economic development and improving the quality of lives globally. India's increasing integration with the global economy is evident in its burgeoning outflows of Foreign Direct Investment over the past decade. According to the Reserve Bank of India, the United States stands among the top five destinations of Indian investments made overseas. While business cooperation between India and the United States predates India's independence, it was only much after economic liberalization, in mid-1990's, that Indian companies seriously began looking for commercial opportunity in the U.S. In fact, Indian companies are still rather young in the U.S. market, having established operations, on average, only about 18 years ago! The incredible impact that Indian industry has already started making on the U.S. economy, society and local communities is quite evident. Indian companies are today spread across 40 states in America, collectively generating revenues in the billions and saving and creating thousands of jobs. Their R&D spend is on the incline, reflecting a strong focus on innovation and commercialization of products and services. They are also partnering with universities and colleges to create training programs that help prepare the local workforce for high-skilled jobs. Their community engagement does not stop here. Many of the companies are partnering with local non-profit organizations to support a variety of programs and initiatives for the betterment of the community. In the report, one will see that these organizations have truly become "global" citizens, spreading Indian Roots on American Soil and actively participating in the communities in which they operate.