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Indian FDI among fastest growing in US
01
Jul '15
India is one of the fastest growing FDI sources for the US with investors from the country more interested in American aerospace and textile sectors, among others, a top official at US embassy said in Kolkata.

India is the fourth-fastest growing source of FDI into the US. The total stock of FDI from India to the US is $11 billion, Paul Frost, commercial attache at US Embassy, told reporters in Kolkata.

"The number is growing and we expect this number to keep growing. Indian companies have also been making large acquisitions in the recent past," he added.

Frost said, sectors like aerospace, textiles, IT and life sciences have been of interest to Indian investors. Between January 2003 and October 2014, 362 investment projects were announced by Indian firms in USA.

Indian firms employ around 44,000 American workers and export more than $2 billion worth of goods from the US, according to statement issued by the embassy. (SH)

Fibre2Fashion News Desk – India

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