Tata Group alone employs 19,000 Americans and has invested over 3 billion dollars, besides operating 16 businesses in US, a report by US-India Business Council (USIBC) and industry body FICCI said.
Indian employers and their American workers contribute billions of dollars to the Federal, state and local treasuries by way of wages, corporate taxes, payroll taxes and income taxes, the study said.
About 12 Indian companies, including Essel-Propack, ITC Kitchens of India, Ranbaxy, Satyam and Wockhardt, are making a sizable impact on US economy, the chamber said.
With a presence in nearly a dozen states like Arizona, Colorado, Florida, Missouri, New York and Texas, Essar's American operations generated more than 110 million dollars in revenues last year and has employed about 7,200 people till now, which would increase to 8,500 by next year.