New Delhi: The Union Minister of Commerce and Industry Piyush Goyal on Thursday said that investment commitments from American industry in the last six months are estimated to be upwards of 60 billion dollars, including major data centre investments by companies such as Amazon and Google.
The Minister said that India and the United States are working as natural partners and complement each other across sectors including technology innovation, high precision defence, digital data centres, quantum computing and medical devices.
As per the April bulletin of Reserve Bank of India (RBI), the gross foreign direct investment (FDI) witnessed strong growth, while net FDI showed improvement which is a matter of concern.
The total amount of money or gross FDI entering India grew by 18.1 percent to USD 88.3 billion in April-February 2025-26 from USD 74.7 billion a year ago. While the net FDI inflows stood higher at USD 6.3 billion during April-February 2025-26 from USD 1.5 billion a year ago, the RBI data shows.
Addressing the Annual Leadership Summit of the American Chamber of Commerce in New Delhi, the Minister said the partnership between the two countries is strengthened by mutual trust and shared economic interests.
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He said India provides a trusted framework for global companies and combines scale, talent and market opportunity in a manner unmatched globally.
The Minister said America is looking for a trusted partner and India has consistently demonstrated respect for intellectual property rights while delivering high-quality output on time.
He said India offers a large pool of skilled talent and provides scale to American innovation through demand aggregation from 1.4 billion aspirational Indians, rising incomes and a growing middle class.
Goyal said India and the United States have economies that complement each other with minimal competition, making the partnership stronger.
He said when complementarity is combined with mutual trust, it creates an unbeatable combination capable of building trusted and resilient supply chains for the future.
The Minister said the Government is also adopting an area-based approach to industrial development through the Bhavya scheme aimed at creating 100 new industrial parks across the country.
He said the model integrates industrial infrastructure with worker housing, recreation and social amenities to create holistic industrial ecosystems.
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Goyal said improved infrastructure, lower logistics costs and free trade agreements together are creating a virtuous cycle of investment, manufacturing growth and export competitiveness.
He expressed confidence that India will continue to remain the world’s fastest growing economy for at least the next 25 years.
Highlighting the role of MSMEs in strengthening global supply chains, Goyal said the Government has initiated coordinated efforts involving the MSME Ministry and the Department for Promotion of Industry and Internal Trade to support technology upgradation and skill development for MSMEs.
Highlighting India’s resilience amid global uncertainties, Goyal said India’s growth forecast was upgraded from 6.4 per cent to 6.5 per cent despite challenges such as the Ukraine conflict and the West Asia crisis.
He said this reflects India’s capability, decisive leadership and growing confidence in engaging with the world as a reliable and favoured investment destination.
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The Minister said global leaders increasingly view India with admiration and expectation, and this recognition is motivating Indians to work towards building a stronger nation and a better future for coming generations.
He described the India-US partnership as a defining partnership of the 21st century driven by American innovation and investment combined with Indian skill and talent.
Ends.
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