India - US bilateral relations have developed into a "global strategic partnership", based on shared democratic values and increasing convergence of interests on bilateral, regional and global issues.
The bilateral cooperation between the two nations is broad-based and multi-sectoral, covering trade and investment, defence and security, education, science and technology, cybersecurity, high-technology, civil nuclear energy, space technology and applications, clean energy, environment, agriculture and health. This strong cooperation between the two countries is evident as US is one of the top FDI contributors.
India - US Ministerial 2+2 Dialogue was launched to provide a positive, forward-looking vision for the India - US strategic partnership and to promote synergy in their diplomatic and security efforts.
India - US Commercial Dialogue is set up to discuss trade and commerce relations and identify areas for closer collaboration between the two countries. The corresponding CEO Forum focuses on investments and business issues to promote a mutually beneficial business environment.
US - India State Spotlight Webinar Series was launched to raise industry awareness of key economic policy developments in both countries and gather feedback from stakeholders. The objective is to disseminate information on the regulations for Doing Business to the Private Sectors of both countries.
The US is the 6th largest investor in India, having invested $ 25.6 bn between April 2000 and March 2019. This represents 6.1% of the total FDI into India during this period.
Imports from the US to India during 2018-19 were valued at $ 35.5 bn and exports were valued at $ 52.4 bn.
US energy exports are an important area of growth in the trade relationship. In 2018 India purchased 48.2 million barrels of US crude oil, a significant increase from 9.6 million in 2017.
The 3.5 mn plus strong Indian American community is an important ethnic group in the US, accounting for about 1% of the total population in the country. Indian American community includes a large number of professionals, business entrepreneurs, and educationalists with increasing influence in society.
With two Indian Americans occupying high-level posts of Governor and several representatives of the people, the Indian diaspora has assimilated into their adopted country and is acting as a catalyst to forge closer and stronger ties between India and the US.
The total number of Indian students in the United States has more than doubled over the last decade, from 81,000 in 2008 to a record high of 196,000 in 2018.
US online retail giant Amazon has invested INR 2,800 cr into its Indian operations to expand its presence within the country. It has invested in Amazon Seller Services which helps sellers establish an online presence.
PepsiCo will invest $ 70 mn in a food manufacturing plant in Uttar Pradesh as part of its capacity expansion plans in the packaged foods market in India. PepsiCo will invest with its local bottling partner Varun Beverages leading towards a boost in manufacturing capacity and upgrade of cold storage facilities.
Global card payments major Master Card will be investing $ 1 bn in India with the objective of establishing India as a global technology node. The investment will expand India's presence in technical services required for card payments.
Intel Corporation, the world's biggest chip-maker has invested INR 1,100 cr in a design house in Bengaluru. This facility known as the 'SRR4', will lead development across hardware and software.
Leading technology innovator Qualcomm will be investing $ 400 mn for development of a campus in Hyderabad, which will be its 2nd largest campus globally. This centre will lead R&D in electronics and semiconductors industry.
Google has announced that it is setting up a research lab focused on artificial intelligence (AI) and its applications in India. Google's Bengaluru based AI lab will focus on the advancement of Computer Science research in India, wherein it will focus on Machine Learning, Computer Vision, Languages, Speech, Systems
Walmart, which opened its second fulfilment centre in Lucknow, is in the process of opening more of these in India to tap its growing B2B e-commerce business
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