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India Inc’s $20.5-billion US bet gathers steam; tech, pharma, manufacturing in focus
US Ambassador to India Sergio Gor has claimed on social media that India is set to make a major investment in the United States.
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On Tuesday, Sergio Gor had hinted at "massive new investments" into the US.
Reported By: Ambarish Pandey
Written By: ZeeBiz WebTeam
Updated: Wed, May 06, 2026
03:57 PM IST
03:57 PM IST
New Delhi, ZeeBiz WebDesk
US Ambassador to India Sergio Gor said on Wednesday that Indian companies plan to invest over $20.5 billion across multiple sectors in the world's largest economy. The announcement came a day after Gor hinted at the development, mentioning "massive new investments".
In a post on microblogging site X (formerly Twitter), Gor praised US President Donald Trump's leadership for record investments into America.
"This includes the 12 Indian companies who announced $1.1 billion in investments just today! 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," he said.
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"A record $20.5 billion in investments into the United States by top Indian companies was celebrated at the 2026 SelectUSA Investment Summit in Maryland. These investments showcase the strength and attractiveness of the U.S. market for foreign investors... A significant share of the investment is driven by India’s pharmaceutical sector, with more than $19.1 billion in planned investments in U.S. manufacturing, research and development, and new facilities," read a statement by the US Embassy in New Delhi.
These announcements underscore the role of SelectUSA in connecting global investors with opportunities across the US and demonstrate how international investment continues to drive economic growth, innovation, and workforce development in communities nationwide, it noted.
Indian companies made a record number of investment commitments in the world. Earlier, both sides had engaged in high-level talks to expand bilateral trade to $500 billion by 2030.
On Tuesday, Gor said that details would be announced soon, without elaborating.
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
Noting that the "big news" would be announced at the 2026 Select USA Summit, he wrote: "This is what a true win looks like for the American economy!"
BIG NEWS coming! Massive new investments from India are flowing into the United States at the 2026 #SelectUSASummit - the largest we've ever seen. This is what a true win looks like for the American economy. Details soon! pic.twitter.com/vinQEjAPVy
— Ambassador Sergio Gor (@USAmbIndia) May 5, 2026
In a separate post, Gor said he was looking forward to welcoming US Secretary of State Marco Rubio to India.
"The United States deeply values our growing partnership with India, and we are excited to build even stronger ties that will benefit both our nations and the world. See you soon, Mr. Secretary!" he wrote.
The 2026 edition of the Summit opened on May 3 and will conclude on May 6.
The event is organised by the US government's Department of Commerce at the Gaylord National Resort and Convention Center in National Harbor, Maryland, near Washington DC.
SelectUSA Investment Summit in Maryland
This week, speaking at the SelectUSA Investment Summit, Maryland Governor Wes Moore announced three new partnerships to promote FDI and grow the state's economy.
New partnerships, he said, include the creation of:
- A Maryland-Korea Trade Desk
- A new international tech collaboration between the Maryland Technology Development Corporation and the Kingdom of Jordan
- The addition of South African life sciences startup Impulse Biomed to the Maryland Global Gateway program
“The companies represented here today are not playing for second, and neither is Maryland,” said Moore. “We boast unparalleled assets, from the world-class talent at NASA Goddard and Johns Hopkins University to our premier labs and research hubs. By aligning these incredible resources with a clear economic strategy, we are ensuring that Maryland remains the best place in the world to change the world," he added.
“Maryland is where global partnerships turn into opportunity,” said Maryland Lt Governor Aruna Miller.
“My own journey connects India and Maryland and today, that same spirit is shaping our work at SelectUSA. We’re building partnerships that create jobs, grow our economy, and turn ideas into results. If you’re looking to invest, innovate, and grow then Maryland is your address," noted Miller.
What's the significance of SelectUSA Investment Summit?
The Summit is a high-profile American event aimed at promoting foreign direct investment (FDI) into the world's largest economy. It seeks to connect international investors, corporate entities and economic development organisations.
The Summit enables foreign companies to consider expanding their operations into the US. Since its inception, the SelectUSA Investment Summit has attract thousands of global firms and economic officials, generating over $256 billion in new US investments and supporting more than 130,000 jobs across the US and its territories, according to its website.
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