India-US Relationship Multiplies: Garcetti
ECONOMY & POLICY

India-US Relationship Multiplies: Garcetti

Eric Garcetti, the US envoy to India, characterized the relationship between India and the US as more than just "addictive" but "multiplicative." He stated that the ties between the two countries have reached unprecedented levels of positivity. According to him, the Indian-American community is widely regarded as the most successful immigrant group in the United States.

These observations were made by Garcetti at an event held during the SelectUSA Investment Summit, where the largest delegation present was from India. He emphasised that the relationship between India and the US is not merely additive but multiplicative, representing a synergy where the impact of their collaboration is greater than the sum of its parts.

The SelectUSA Investment Summit, a prominent event facilitating business investments by linking thousands of investors, companies, economic development organizations, and industry experts, was where Garcetti highlighted the growing familiarity of Americans with Indian brands and companies. He announced that JSW Steel from India planned to invest USD 140 million in Baytown, Texas, emphasizing that such investments contribute to shared goals in infrastructure, energy, and climate solutions.

Garcetti expressed enthusiasm over JSW Steel's investment, noting that the company has already invested over USD 2 billion in the US, particularly in Texas and Ohio, generating employment opportunities for more than 800 American workers. He underscored that the current bond between India and the US is the closest it has ever been, with Americans of Indian descent constituting approximately 1.5% of the population and contributing significantly to the nation's tax base.

In summary, Garcetti's remarks underscored the deepening and mutually beneficial relationship between India and the US, highlighting substantial economic cooperation and the growing influence of the Indian-American community within the United States.

Eric Garcetti, the US envoy to India, characterized the relationship between India and the US as more than just addictive but multiplicative. He stated that the ties between the two countries have reached unprecedented levels of positivity. According to him, the Indian-American community is widely regarded as the most successful immigrant group in the United States. These observations were made by Garcetti at an event held during the SelectUSA Investment Summit, where the largest delegation present was from India. He emphasised that the relationship between India and the US is not merely additive but multiplicative, representing a synergy where the impact of their collaboration is greater than the sum of its parts. The SelectUSA Investment Summit, a prominent event facilitating business investments by linking thousands of investors, companies, economic development organizations, and industry experts, was where Garcetti highlighted the growing familiarity of Americans with Indian brands and companies. He announced that JSW Steel from India planned to invest USD 140 million in Baytown, Texas, emphasizing that such investments contribute to shared goals in infrastructure, energy, and climate solutions. Garcetti expressed enthusiasm over JSW Steel's investment, noting that the company has already invested over USD 2 billion in the US, particularly in Texas and Ohio, generating employment opportunities for more than 800 American workers. He underscored that the current bond between India and the US is the closest it has ever been, with Americans of Indian descent constituting approximately 1.5% of the population and contributing significantly to the nation's tax base. In summary, Garcetti's remarks underscored the deepening and mutually beneficial relationship between India and the US, highlighting substantial economic cooperation and the growing influence of the Indian-American community within the United States.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement