"Trillions Pouring": White House Lists $330 Billion US Investment From India
In March, US President Donald Trump announced that Reliance Industries was investing USD 300 billion to set up an oil refinery in Brownsville, Texas.
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- The White House highlighted over USD 330 billion in Indian investments in the US
- Essar Group announced a USD 15 billion steel plant in Iowa called Mesabi Metallics
- Two separate Indian investments were listed: USD 310 billion and USD 20.5 billion
What incentives is the US offering to Indian investors?
Washington:
The White House on Friday listed investments worth "trillions of dollars" in the US, including over USD 330 billion from India, placing it among the country's leading investors.
The list of investments, played on loop on the White House YouTube channel, also features the USD 15 billion steel plant announced by Essar Group's Mesabi Metallics in Iowa.
In the list of countries investing in the US, there are two entries for India - one listing USD 310 billion and another USD 20.5 billion.
"Sit back, relax & enjoy the soothing sound of trillions pouring into America this Friday," the White House said in a post on X.
There was no immediate response from the White House to queries on this matter.
In March, US President Donald Trump announced that Reliance Industries was investing USD 300 billion to set up an oil refinery in Brownsville, Texas.
In May, Indian industry announced plans to invest up to USD 20.5 billion in the US on the sidelines of the SelectUSA Investment Summit.
The total investments - both from private industry in the US and foreign nations - amount to USD 10.871 trillion.
In his public rallies for the midterm elections, Trump has claimed that his administration secured more than USD 20 trillion worth of investments and commitments for the US economy.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Got a follow‑up question on this article? Go on
- How will the Essar steel plant impact employment in Iowa?
- When is construction expected to start on these major projects?
- Why are Indian companies rapidly expanding their investments in the US?
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