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Indians become largest delegation at SelectUSA summit

This year's Indian delegation was not only the largest ever from India but also the largest of any country at the 2023 SelectUSA investment summit.

Ambassador-designate to India, Eric Garcetti with Indian Delegation at 2023 SelectUSA Investment Summit. Image - Twitter/ Eric Garcetti

An Indian delegation of two hundred investors including representatives from prominent Indian multinational companies took part in the recently concluded 2023 SelectUSA Investment Summit held in the Washington, D.C. area.

Ambassador-designate to India, Eric Garcetti, who lead the Indian delegation at the event said, “I am proud to lead India's delegation of 200+ strong at SelectUSA Summit 2023! The growing US-India Business reflects the larger trend in our relations and as the largest delegation globally at this Summit, we're set to explore investment opportunities in the U.S.”

Commenting on India’s participation in the four days summit, Indian Ambassador to the US, Taranjit Singh Sandhu said, “Indian companies select the US to create a virtuous value cycle! Delighted to host Indian companies - largest participating contingent to SelectUSA Summit.Growing synergies, deepening connects - a partnership like no other!”

Multiple investment projects by Indian firms were announced at the event. Vice president of corporate affairs Mahindra Group America, Radhika Batra who participated in the summit said, “We have a fairly large manufacturing in the USA and will soon look at electric SUV’s for the global market- ease of doing business is something that attracts us to the USA.”

Managing director and CEO of Mahindra Group, Dr Anish Shah who also participated in the panel discussion tweeted, “ It was an insightful panel discussion at the SelectUSA Summit. Given Mahindra Rise's long history in the US and the ease of doing business here, we look forward to expanding our footprint in the country.”

Indian steel magnate JSW Steel announced its new plans to invest at least US $145 million in new projects to advance its operations and create jobs in Mingo Junction, Ohio. Indian companies and business associations including the Telangana Chambers of Commerce and Industry (TECCI) lead India’s participation at the investment summit in the US.