YouS President Donald Trump’s next visit to India is currently being fought actively by groups associated with Islamist reasons at Washington DC. This includes Qatar, China and Qatar’s side -sides.
He said, if Trump makes India for a quad-related meeting, what will he see in the context of a title announcement? I guess that he would like to see India’s major groups committed to investing in the US. If India can combine groups and initiatives together that are committed to investing $ 1 trillion in the US, it will be a win for everyone.
Despite being such a small economy, the UAE has already pulled such a model.
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I hope that America and India can overcome this announcement when Trump is in New Delhi.
With 1,25,000-fierce crowd, cheering them, President Trump once announced, “We are very proud of India. The story of the Indian nation is a story of amazing progress, a miracle of democracy, an extraordinary diversity and above, a strong and great people.”
It was 24 February 2020. Trump was then addressing a ‘Namaste Trump’ rally with Indian Prime Minister Narendra Modi at the Motra Stadium in the Indian state of Gujarat, in the final year of his first presidential post.
A lot of water has flew from under the Potomac. But with a trump administration at the White House, its need to strengthen trade relations between India and the US has been continuously emphasized.
If the two countries can either create favorable conditions for Indian firms to set up shops or expand operations in the US, then it will be a historic victory situation, and an incredible opening for Indian businesses to benefit from a large -scale American economy.
It will also serve as a trust-building exercise, of which the choice was never seen before, between the two countries.
Start for line finish line
The Tata Group was one of the first Indian groups to establish a permanent appearance in the US in the 1940s.
Cut on 11 March 1999, when Bangalore-MC became the first Indian company to be listed on Nasdac. Speaking at a media conclave in India in March last year, its founder Narayan Murthy described the gravity of the moment: “I think, in some sense, we were doing something that was not done by an Indian company at all.”
According to the 7th edition of a survey conducted by the Indian Industry (CII), Indian companies had invested above $ 40 billion in tangible investment in the US by 2023. The survey, titled ‘Indian Roots, American Soil’, mapped the Indian industry’s business footprint in the US, also found that the Indian firms were appointing at least 425,960 Americans at that time – all of them were rented directly.
It identified the following as the following five American states, obtaining the most Indian foreign direct investment (FDI): Texas, Georgia, New Jersey, New York and Massachusetts. Similarly, Texas, New York, New Jersey, Washington, Florida and California were identified as the top five American states, where Indian companies produced the most jobs.
The nationwide survey, for which the CII collected reactions from 163 Indian firms with permanent operations in the US, also found that 29 percent of these firms were in life science, drug and health services sector, followed by 21 percent in information technology and telecommunications, 18 percent in manufacturing and 10 percent in services.
In addition, it was found that 55 percent of the 157 companies responding to a particular segment of the survey reported funding to R&D in the US for a tune of about $ 1 billion. Even more importantly, 85 percent of Indian firms involved in the survey said that they have planned to appoint additional local employees in the US in the next five years, with an 83 percent investment investment in the US.
win-win situation
For Indian firms, this has been an opportunity to expand and ensure their competition, and have nurtured the most prosperous free market in the world to resume their corporate administration structures with strong emphasis on shareholder rights, strong legal framework and regulatory inspection.
It will also enable large Indian businesses, many of which are still owned by family, to bring diversity and become a global group.
As Robert Web, the Chief Information Officer of the then Hilton Worldwide predicted in a conversation with Paul Glader Washington Post In an article on how the growth of Indian firms in the US in 2011, India-based firms “will develop to be more like one of the traditional counseling firms in the US”, which will take high-end capabilities from business planning, industry knowledge and change management to high-unknown capabilities.
In addition to the economic side of things, Indian firms require Indian firms to invest and hire in the US, which will allow the working class Americans to learn more about its culture and famous business mindset. This will further strengthen the foundation of US-India relations at this critical turn.
Asha Jadeja is a Silicon Valley-based entrepreneur, venture capitalist, philanthropist and a ‘change agent’. She tweets @Ashajadeja325. Views are personal.
This article is sponsored by Motwani Jadeja Foundation.