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Providing a state-by-state view of the U.S., the report highlights the 'Top 10 reasons to Invest' as offered by all 50 U.S. states and the U.S. territories to businesses.

In addition, the report outlines the core and upcoming sectors of strength and growth in each state/territory, as well as some of the major tax and financial incentives being offered to attract and retain businesses.

In his foreword to the report, CII Director General Chandrajit Banerjee said "the U.S.-India trade and commercial relationship has grown by leaps and bounds with bilateral trade touching nearly $100 billion."

At the same time, the investment story too remains strong with the U.S. ranked as the sixth largest source of FDI into India, while India has also emerged as one of the fastest growing sources of FDI into the United States, he noted.

"CII's own studies have found that Indian companies have invested in a range of sectors in the U.S. including in technology, telecommunications, pharmaceuticals and life sciences, iron and steel, mining, energy, manufacturing, financial services etc", he said.

"Indian companies have made their mark through greenfield and brownfield investments, mergers and acquisitions, joint ventures, and other business collaborations with U.S. companies", Banerjee noted.

In his foreword, Vinai Thummalapally, Executive Director, SelectU.S.A said: "It has also been an exciting time for India, with the election of a new government with a mandate to make it easier than ever for Indians to do business."

Thummalapally, who hails from Hyderabad, said during his travels to India "including joining President Obama during his January 2015 visit, I felt a palpable atmosphere of optimism."

"Quite simply, there has never been a better time for Indians to expand their businesses to the United States than 2015," he said.

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