The White House has released a list of mega-investments totaling $10.871 trillion in the US economy, in which India’s contribution alone is more than $330 billion. The White House has put forward big figures regarding India’s investment in America. In the list released yesterday i.e. on Friday, India’s total investment in America has been mentioned as 330.5 billion dollars. With this figure, India has become one of the major countries investing in America.
This list related to investment is continuously being shown on the YouTube channel of the White House. In this, apart from India, figures of investments being made by private companies in other countries and America have also been shared.
Two entries in India’s investment list
The names of two different Indian companies are in the White House list. In one of these there is mention of investment of 310 billion dollars and in the other there is mention of investment of 20.5 billion dollars. This amount, taken together, amounts to $330.5 billion. The White House posted on social media platform However, there was no immediate response from the White House on the questions asked regarding this list.
India became top investors on the strength of Reliance and Essar
In March this year, US President Donald Trump had said that Reliance Industries is investing $300 billion to set up an oil refinery in Brownsville, Texas. At the same time, during the SelectUSA Investment Summit in May, Indian companies had announced plans to invest up to $20.5 billion in America. This list also mentions the $15 billion steel plant announced by Essar Group company Mesabi Metallics. This plant is proposed in Iowa.
Total investment in America 10.871 trillion dollars
In the White House list, the total amount including investments coming from American companies and other countries has been stated to be 10.871 trillion dollars. Trump is also raising the issue of investment in his rallies for midterm elections. He claims that his administration has fulfilled promises related to investment and investments worth more than $20 trillion for the American economy.
Source: ndtv.in
