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CII to unveil report on India Inc's contribution to US economy

world Updated: Apr 24, 2012 11:43 IST

PTI
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Top Indian and American officials from various fields will come together at the Capitol Hill on Wednesday for the release of a CII report that will reveal the significant contribution of Indian companies to the US economy.

To be released in the presence of top American lawmakers, academics, executives and officials, the report would list out contributions and the impact that Indian companies have made on the US economy and society - especially in terms of job creation and community engagements.

India is one of the fastest growing sources of FDI into the US, and yet the story of Indian companies —- their presence and contributions is not as frequently talked about, organisers said.

The event will also seek to dispel misconceptions about Indian companies in the US, they noted.

The lawmakers would include the four co-Chairs of the Senate and House India -- John Cornyn and Mark Warner, co-Chairs of the Senate India Caucus; and Congressmen Joseph Crowley and Ed Royce, co-Chairs of the Congressional Caucus on India and Indian Americans.

As India's premier industry body, CII is bringing major players of India Inc to the Hill in an effort to highlight the critical role it plays in saving, creating and sustaining jobs and generating business opportunities in the US.

More than two dozen Indian companies have agreed to participate in the event representing sectors such as pharma and life sciences, telecom and broadcasting, financial services, iron and steel, and IT.

The prominent participants at the event will include Birlasoft, Dr Reddy's Laboratories, HCL America, ICICI Bank Infosys, L&T, Mahindra Satyam, Ranbaxy, SBI, Suzlon, Tata Communications and Tata Sons.