Indian Cos Stepped up U.S. Hiring during Recession: CII

According to the report, the median average of the workforce locally hired is 80 per cent across various sectors. 90 percent of U.S. local staff is hired by companies in travel and hospitality, manufacturing and telecommunication sectors. The IT companies reviewed for this report have collectively invested nearly $1.5 billion in the U.S., and their payroll surpassed $2 billion last year.

The CII India Business Forum released the report at a reception at Capitol Hill. A total of 21 members of Congress attended the event. The Democratic and Republican co-chairs of the India Caucus in both the Senate and the House of Representatives also attended the event.

Nirupama Rao, India's ambassador to the U.S. also attended the event. Senator John Cornyn (Republican, Texas), Co-Chair of the India Caucus in the Senate, said, "I welcome the fact that Indian companies are investing substantial capital in the US, which has already yielded tangible results in Texas and across the U.S." Senator Mark Warner (Democrat, Virginia), said, "This survey confirms Indian companies are key drivers of US job creation and economic activity."

A CII official at the event said a prominent disparity this year was most lawmakers appeared conscious of the economic contributions of Indian companies, and added, "They knew about the importance of this relationship, instead of us having to brief them."

Companies like Mahindra USA, Suzlon and Dr Reddy's Laboratories are the Indian companies with manufacturing presence in the US across various sectors were also showcased at the event. India at present is one of the fastest growing sources of foreign direct investment into the U.S., whereas the U.S.  is one of India's top five destinations for foreign investment.