Indian Companies Investing in the United States: An Inquiry into Recent Patterns and Trends
Nandita Dasgupta
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Nandita Dasgupta: University of Maryland
Chapter 7 in The Rise of Indian Multinationals, 2010, pp 187-232 from Palgrave Macmillan
Abstract:
Abstract Historically, India has been attracted to the United States as one of its favored foreign direct investment (FDI) destinations. Even as early as in the 1940s, Indian firms had investment ties with the United States, albeit sporadically. For example, the Tata Group established its first presence in the United States by setting up its permanent office in New York City in 1945 (Tata Group North America 2008). However, it was in the 1990s, and even more so after 2000, that a trend of outward FDI (OFDI) by Indian multinational enterprises (MNEs) flowing towards the United States became clearly visible. In 2006 the United States alone received about 15% of India’s OFDI stock (Pradhan 2008c). This recent trend in Indian OFDI being directed towards developed countries such as the United States departs noticeably from the previous trend of South-South investments.
Keywords: Foreign Direct Investment; Host Country; Indian Company; Foreign Direct Investment Inflow; World Economic Forum (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11475-3_7
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DOI: 10.1057/9780230114753_7
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