Washington

Vinay Mohan Kwatra held discussions with an Indian business and startup delegation participating in the SelectUSA Investment Summit in Washington, D.C., and highlighted the delegation’s importance in advancing India’s “Viksit Bharat 2047” vision. He said greater investments in technology and manufacturing would help position India as a dependable node in global supply chains.

The development comes as the U.S. Bureau of South and Central Asian Affairs said investment announcements by Indian companies at SelectUSA 2026 amounted to more than USD 20.5 billion — the highest announced by any country at this year’s summit. The investments span sectors such as technology, manufacturing, and pharmaceuticals.

According to U.S. Ambassador Sergio Gor, the record commitments reflect deepening economic cooperation between India and the United States and are expected to strengthen supply chains while generating employment and industrial expansion. Reports indicate the pharmaceutical sector accounts for the largest share of the planned investments, with more than USD 19 billion earmarked for manufacturing, research, and facility expansion in the U.S.

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The investment push aligns with the broader India-U.S. goal of expanding bilateral trade to USD 500 billion by 2030, underscoring the growing strategic and economic partnership between the two countries.