Indian Companies Commit Record $20.5 Billion at SelectUSA 2026

Sergio Gor, the United States Ambassador to India, announced that Indian companies committed a record $20.5 billion in investments during the 2026 SelectUSA Investment Summit in Washington, DC. The US Bureau of South and Central Asian Affairs confirmed this as the single largest investment amount from any country at the 2026 summit.

The pharmaceutical sector drove the majority of the funding, totaling $19.1 billion. This included a planned $11.75 billion acquisition of Organon & Co by Sun Pharmaceutical Industries Ltd. Other significant commitments included $900 million from Abhyuday Group for manufacturing, $255 million from JSW Steel for modernization projects in Ohio and Texas, and $100 million from Sterlite Technologies Ltd for AI and telecom infrastructure. The Indian Institute of Technology Madras Global Research Foundation also pledged $4.5 million for a U.S.-based research hub.

These economic milestones align with a broader strategic push to double U.S.-India bilateral trade to $500 billion by 2030. Concurrent with the summit, Ambassador Gor announced preparations for U.S. Secretary of State Marco Rubio's first official visit to India in May 2026 to attend a ministerial-level Quad meeting. Gor indicated that further major bilateral cooperation agreements would be unveiled in the following weeks, noting the strong personal rapport between President Donald Trump and Prime Minister Narendra Modi.