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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Indian companies announce USD 1.1 billion investments in ...
2026-05-06 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Major commitments include large-scale manufacturing clusters, greenfield factories, AI systems, and technology expansion projects across multiple US states such as Texas, Mississippi, Michigan and California.

Major commitments include large-scale manufacturing clusters, greenfield factories, AI systems, and technology expansion projects across multiple US states such as Texas, Mississippi, Michigan and California.

ndian companies on Tuesday announced USD 1.1 billion investments in the US spanning aerospace, defence, energy and artificial intelligence sectors.

The announcement was made at the SelectUSA Investment Summit at National Harbour in Maryland near here.

"We have 12 Indian companies making investment announcements at this summit, totalling more than USD 1.1 billion. That is the largest number of announcements we have seen from a single delegation at SelectUSA," US Under Secretary of Commerce for International Trade William Kimmitt said here.

He said these investments span aerospace and defence, energy, advanced manufacturing, and artificial intelligence.

The Indian investments announced on Tuesday will lead to the creation of 1,500 jobs in the US.

Abhyuday Group announced the largest investment amounting to USD 900 million to set up manufacturing clusters in five states across the US.

Mumbai-based Sterlite Technologies Limited announced a new greenfield factory investment of up to USD 100 million in the US to offer connectivity solutions, including terminating optical fibre cables.

PR Jindal Group announced an investment of USD 87 million in Texas and Mississippi.

Jivo Wellness Group, based in Delhi, announced an investment of USD 15 million to set up a manufacturing plant in the US.

TechDome Solutions, a technology firm based in Indore, announced an investment of up to USD 75 million that will create 100 jobs in the US over the next five years.

Chennai-based Atri AI, which builds edge AI systems for real-time intelligence intends to invest approximately USD 2 million over the next 2-3 years to build its engineering, sales, and technology operations in the US.

Magno Innovation from Kerala, which develops aerial drones and geospatial intelligence platforms for the oil and gas industry, plans to establish a US field operations base with an initial investment of USD 2 million.

Satori XR team from Chennai set up their US headquarters in Michigan and plans to invest USD 1.5 million over the next five years and create 20 to 25 new high-quality jobs across engineering, enterprise sales, marketing, and customer management.

Roche AI from Kerala, which builds physical AI and industrial autonomy systems for industrial applications, plans to establish their first US presence in Texas by investing USD 5 million. This will create up to 20 engineering and customer support roles.

Polyhose Inc., a global manufacturer of high-quality industrial hoses and fittings, plans to expand US operations with an investment of USD 2 million in a facility in Los Angeles.

KISSFLOW from Chennai is a B2B software offering, an AI-powered low-code platform, which will be making an investment of USD 2 million in a facility in Houston to support the energy sector.

The Indian Institute of Technology Madras Global Research Foundation plans to set up a US location in California to drive research collaboration with US universities and colleges. This will be a soft landing pad for IIT and global startups, and provide seminars and classes in the US for USD 4.5 million.

Published on May 6, 2026