Washington, Indian companies have invested more than $26 billion in the US in the last five years and the IT companies employ more than one lakh people in that country, New Delhi's top diplomat in Washington has said. "Indian companies are now contributing strongly to local State economies in the US with a presence in 43 states and having invested over $26 billion in the last five years in several key areas of the economy, in manufacturing as also in services," the Indian Ambassador to the US, Nirupama Rao, said yesterday. India's IT industry has in particular been a strong player in establishing value based mutually beneficial partnerships, Rao said in her address to Harvard's Kennedy School of Government, India-South Asia Programme. "As per our estimates, Indian IT companies employ over 100,000 people in the US and the Indian IT industry supports over 280,000 jobs indirectly out of which about 200,000 are with US residents," she said. Rao said the steady growth of the Indian economy has not only helped improve the living standards of own people, but has also opened up new opportunities to expand mutually beneficial economic and commercial ties with the US. ...
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