TX Governor In India To Boost Tech, Industry Investments
India- West Staff Reporter
HOUSTON, TX – Governor Greg Abbott of Texas is in India holding a series of meetings with business leaders and government officials to discuss technology opportunities between his state and India.
His delegation includes wife Cecilia Abbott, Secretary of State Jane Nelson, the Governor’s Economic Development & Tourism Office Executive Director Adriana Cruz, Texas Economic Development Corporation Vice Chair Arun Agarwal, and Texas Economic Development Corporation President & CEO Aaron Demerson.
“Texas and India are economic powerhouses leading the world with technological advancements and innovation,” said Abbott. “India has invested billions in Texas, providing quality jobs for Texans. Communities and Texans across the state benefit from the investments of Indian companies based in Texas like Wipro, Tata Group, Infosys Technologies, HCLTech, and Reliance Industries, including a recent announcement by Waaree. As we look to the future, Texas and India will continue to loom large as we strengthen the unique economic bond between our two people.”
He participated in the Texas-India trade partnership roundtable discussion hosted by the U.S.-India Strategic Partnership Forum (USISPF) and discussed ways Texas can continue to strengthen its economic ties by expanding its partnership with India. Abbott 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.
The Governor met with the Minister of Commerce and Industry of India Piyush Goyal to build upon the already strong economic relationship between Texas and India.
A press release from Abbott’s office said, India is ninth among all nations for the number of foreign direct investment 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.
Abbott’s trip is sponsored and paid for by the Texas Economic Development Corporation.
Dr. Madhu Singh
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This is wonderful move and will be mutually beneficial for both the State of Texas and Indian.
January 26, 2024Pradeep Srivastava
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The following I suspect is the latest update on the business collaboration between Texas and India.
“Texas governor announces $1.4B Indian investment at India-U.S. Forum
by SBG San Antonio Staff ReportsSat, January 27th 2024“
“ AUSTIN – Governor Greg Abbott emphasized the robust Texas-India economic partnership during his keynote address at the 7th India-U.S. Forum in New Delhi.
Highlighting the strong trade and investment ties between Texas and India, Governor Abbott underscored the significant capital investment by Indian companies in Texas, amounting to over $1.4 billion in the last decade.
This investment has created more than 10,300 jobs in Texas, contributing to the state’s thriving economy.
Governor Abbott also discussed opportunities for collaboration in key sectors such as energy, semiconductor manufacturing, and aerospace, aiming to further strengthen the economic relationship between Texas and India.
Joined by First Lady Cecilia Abbott and other Texas officials, Governor Abbott’s visit to India marks the culmination of an economic development mission aimed at promoting Texas as a premier business destination.”
January 27, 2024