US Ambassador Eric Garcetti: India-US Relationship Is Multiplicative

The US Envoy to India recently remarked that the relationship between India and the US has never been better, emphasizing the positive and evolving nature of their partnership. He shared these observations at an event during the SelectUSA Investment Summit, where the largest delegation was from India.

Highlighted at the summit was the significant role of the Indian-American community in the US, noted as the most successful immigrant community and contributing substantially to the country’s economy. The envoy reiterated that the relationship between the two nations is not merely additive, but rather multiplicative, embodying the concept of the United States multiplied by India.

Significantly, it was announced at the summit that JSW Steel, a major Indian investor, will be investing USD 140 million in the US. This investment is expected to create job opportunities for over 800 American workers, reflecting the positive economic impact of the growing India-US relationship.

The summit, a high-profile event in the US, serves as a platform to connect investors, companies, economic development organizations, and industry experts, facilitating business investment and deals. The US government and various speakers at the event expressed excitement over Indian investment in the US, emphasizing the evolving nature of the relationship from a one-way street to a two-way bridge.

Investments from India in sectors such as infrastructure, energy, and technology were highlighted as significant contributors to the growth and prosperity of both nations. The event also showcased the aspirations for clean energy, with JSW Steel USA planning to invest in manufacturing high-end steel plates for offshore wind, with a focus on contributing to the US’s transition to clean energy and catalyzing local economies.

Overall, the envoy’s statements reflect the positive and dynamic nature of the India-US relationship, highlighting mutual investment, cooperation, and economic growth between the two nations.