Indian Companies Announce $1.1B Investments at SelectUSA Summit 2026

Twelve Indian companies announced more than $1.1 billion in new greenfield and expansion projects across multiple U.S. states on May 5 at the 2026 SelectUSA Investment Summit, at the Gaylord National Resort and Convention Center in Maryland. The investments are expected to support jobs in manufacturing, technology, and engineering. 

The announcements surpass the cumulative total of all prior investment commitments made by Indian companies at previous SelectUSA Investment Summits and represent the highest number of announcements by any country at this year’s event. With these commitments, the summit highlighted a record $20.5 billion in investments by leading Indian companies into the United States. 

The investments underscore the continued strength and appeal of the U.S. market for foreign investors, according to the U.S. Embassy in New Delhi. The commitments span key sectors including pharmaceuticals, advanced manufacturing, energy infrastructure, and emerging technologies. They are expected to generate thousands of jobs in both countries while expanding U.S. production capacity and fostering joint innovation. 

“I am proud to advance our goal to double U.S.-India bilateral trade to $500 billion by 2030. Through fair, balanced, and mutually beneficial trade, we’re attracting world-class investment to the United States and creating shared prosperity for both nations,” said US Ambassador to India, Sergio Gor at the SelectUSA kick-off reception in New Delhi. 

A significant portion of the investment is being 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. Additional investments in steel, connectivity, and energy supply chains are expected to strengthen critical U.S. industrial capacity and enhance supply chain resilience and security. 

Minister-Counselor, Foreign Commercial Service, Jonathan Heimer, welcomed the gathering at the summit. 

Addressing the gathering, Under Secretary of Commerce for International Trade William Kimmitt said, “The US-India economic relationship is entering a new phase, one defined by investment, industrial capacity and technology partnership. Today’s announcements reflect that we have 12 Indian companies making investment announcements at this summit totaling more than $1.1 billion, that is the largest number of announcements we have seen from a single delegation at SelectUSA Summit.” 

Recalling his visit to India earlier this year to Bangalore and Delhi ahead of the AI Impact Summit, Kimmitt said the trip “reinforced” his view that “India is emerging as a major force in innovation, technology and advanced industry.” 

“In Bangalore, we met with companies and innovators who are not only developing cutting edge technologies but also deploying them at scale…” he added. 

The 12 companies include:

• Abhyuday Group (Ahmedabad) will invest over $900 million across five U.S. sites, creating 1,500 American jobs.
• Jindal Pipe and Jindal Tubular USA (PR Jindal Group) will invest $87 million to expand in Texas and Mississippi, creating 140 jobs.
• Jivo Wellness (Delhi) will invest $15 million, creating 50 direct jobs and up to 150 indirect jobs.
• Polyhose Inc. will invest $2 million in Los Angeles to support the U.S. shipbuilding industry.
• Sterlite Technologies Ltd. (Mumbai) will invest $100 million, creating up to 500 jobs and supporting AI and telecom infrastructure.
• Techdome Solutions (Indore) will invest $7.5 million, creating 100 jobs.
• RoshAi (Kerala) will invest $5 million in Texas, creating 20 jobs.
• Atri AI (Chennai) will invest $2 million in Menlo Park, California.
• Kissflow (Chennai) will invest $2 million in Houston.
• SatoriXR (Chennai) will invest $1.5 million in Michigan, creating 25 jobs.
• MagnoInnovation Lab (Kerala) will invest $2 million to establish U.S. field operations and support energy sector applications.
• Indian Institute of Technology Madras Global Research Foundation will invest $4.5 million to establish a U.S. research and collaboration hub in California, with plans for an additional East Coast location.

“Expanding to the West Coast is a significant milestone for Polyhose U.S.,” said Mohammed Millwala, Polyhose U.S. President. “Our goal is to extend our operations nationally to ensure that customers across the country have quick access to the products and service they need. This expansion brings us one step closer to that vision.” 

“Physical AI will redefine how industries operate over the next decade,” said Dr. Roshy John, Founder and CEO of RoshAi. “Just as software transformed digital workflows, Physical AI will transform the physical world from factories and ports to mining operations and industrial infrastructure. Our expansion into the United States represents a major milestone in taking Indian deep-tech innovation to global markets.” 

“The United States is the epicenter of both healthcare and AI innovation — it is the perfect place for Techdome to scale,” said Rahul Joshi, co-founder & CEO of Techdome. “When I attended the 2024 SelectUSA Investment Summit, the connections I made and the insights I gained gave us the confidence to think bigger. Since then, we’ve expanded from a single office to four countries. Now, we’re bringing that same ambition to the US market — with healthcare and AI at the core of everything we build.” 

“This investment reflects our long-term commitment to the United States and our confidence in the strength of domestic manufacturing,” said Anav Batra, Lead – Smart Manufacturing & Corporate Strategy, PR Jindal Group. “Beyond expanding capacity, this project is about building a more resilient and responsive supply chain for critical energy infrastructure. By deepening our manufacturing presence in Baytown and Bay St. Louis, we are not only creating high-quality American jobs, but also enabling faster delivery, greater operational flexibility, and stronger alignment with the evolving needs of the domestic energy market.” 

“We are proud to establish our U.S. headquarters in Michigan, an innovation-driven region that aligns with our vision for the future of industrial technology,” said Roshni Dasgupta, spokesperson for Satori XR. “This investment reflects our long-term commitment to the U.S. market and our mission to empower industries—from automotive to healthcare—with transformative immersive and AI-powered solutions.” 

“We believe the future of AI lies in bringing intelligence closer to where decisions are made at the edge,” said Manoj Bharadhwaj, founder & CEO of Atri AI. “Our expansion into the United States allows us to work closely with infrastructure operators and enterprise partners to deploy real-time, mission-critical AI systems at scale.” 

“This investment marks a remarkable step in our global journey,” said Ravideep Kaur, Chief of Public Relations, North America, Jivo Wellness. “With consumer focus shifting toward preventive health and clean nutrition, we see a massive opportunity to deliver science-backed, plant-based solutions at scale while contributing meaningfully to the American economy.” 

Announcing its U.S. Cluster Development Project, Abhyuday Bharat Group said the initiative aims to establish a manufacturing ecosystem in the United States to produce goods currently imported, thereby reducing dependence on imports and improving cost efficiency. 

“Opening this new location marks a significant milestone for Kissflow,” said Suresh Sambandam, founder and CEO of Kissflow. “Our goal is to expand our presence across key markets to ensure that customers in Texas and the surrounding region have quick access to the solutions and support they need. This facility will allow us to strengthen our customer engagement, accelerate deployments, and better serve enterprises looking to modernize their operations there by helping the world to be a better place.” 

“By owning the entire value chain-from glass to data center portfolio, we are excited to enable our customers to build the physical foundation for the AI era,” said Rahul Puri, CEO, Sterlite Technologies Ltd. “This investment will ensure that the infrastructure required to build a strong AI backbone behind global intelligence is scalable and reliable.”

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