USISPF hosts Governor Abbott for a Texas-India trade

USISPF hosts Governor Abbott of Texas for a Texas-India trade partnership roundtable in New Delhi

Mr. Greg Abbott, The Governor of Texas participated in a Texas-India trade partnership roundtable discussion hosted by the U.S.-India Strategic Partnership Forum (USISPF) in New Delhi today (January 25, 2024)

During the roundtable with USISPF member companies along with the Governor discussed ways in which Texas can continue to strengthen its economic ties and expand bilateral trade between Texas and India. The Governor outlined Texas’ position as the premier destination for company expansion and relocations due to its business-friendly climate and world-class workforce. Governor Abbott also highlighted Texas’ position as a national leader in U.S. energy production, noting that the state provides nearly one-fourth of the country’s domestically produced energy.

Speaking on the occasion, Nivedita Mehra, Managing Director, India at USISPF said,” Texas continues to be a focal point for Indian foreign direct investment, witnessing a decade-long influx of $1.4 billion in capital investment through 59 projects, generating over 10,300 jobs. In 2022, the total trade between Texas and India amounted to $20.4 billion, solidifying India as the state’s 11th-largest total trade partner. Today’s roundtable sets the stage for productive discussions that will contribute to the ongoing success and growth of the Texas-India partnership.”

Texas, presently the second-largest U.S. state by GDP, presents fascinating investment opportunities in energy, technology, aerospace, defense, biomedical, agriculture, and manufacturing for Indian corporations. The Lone Star state is also home to a large number of the Indian diaspora across cities such as Houston, Austin, Dallas, and San Antonio.

India is ninth among all nations for the number of foreign direct investment (FDI) projects in Texas. According to Indian industry estimates, Texas is the most popular destination for Indian FDI capital investment and jobs created in the U.S. In the last decade, companies from India have invested $1.4 billion in capital investment through 59 projects in Texas, creating more than 10,300 jobs. In 2022, Texas’ total trade with India totaled $20.4 billion, making India the state’s 11th-largest total trade partner. That same year, Texas exports to India totaled $13.3 billion. Texas exports account for 28 percent of all U.S. exports to India.

About the US-India Strategic Partnership Forum (USISPF):

The US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the U.S.-India partnership in Washington, D.C., and New Delhi, USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and the governments of India and the United States.
For media inquiries and further information, please contact:

Ankit Jain-
ajain@usispf.org
Akshobh Giridharadas-
agiridharadas@usispf.org

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