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Texas Governor explores investment opportunities in Mumbai
Abbott explored potential growth and business opportunities with influential companies in Mumbai
Governor Greg Abbott with tech leaders in Mumbai / Image - Governor’s Office
Texas Governor Greg Abbott engaged in meetings with economic development partners and business leaders in Mumbai during the first leg of his 9-day economic development tour of India.
According to a release from his office, the discussions focused on various business activities crucial to both Texas and India, with a particular emphasis on the future of technology.
In a series of meetings, Governor Abbott explored potential growth and investment opportunities with influential companies, including Infosys, Reliance Industries, Tata Consultancy Services (TCS), and Wipro. As part of the discussions, he advocated for the thriving business climate and diverse workforce of Texas as appealing factors for investment.
“Texas is a hub of innovation and technology, and companies from all over the world—including India—continue to choose our state because of the unmatched opportunity for business success that our state has to offer,” said Governor Abbott.
“Both the people of Texas and India seek to drive the future of the world through innovation, economic might, and expanded prosperity for the next generation. By meeting with these corporate leaders in Mumbai today, Texas is strengthening our relationship with India so that we can ensure greater prosperity for the next generation,” he added.
The delegation led by the Governor visited the A.M. Naik School situated at the Larsen and Toubro Limited (L&T) campus. He also engaged in a jersey exchange with the Mumbai Cricket Association, presenting jerseys from the Texas Super Kings and Dallas Wolves professional cricket teams.
Abbott also participated in a Texas-India business industry roundtable and reception hosted by the Confederation of Indian Industry (CII). “From technology to manufacturing, to energy, Texas remains the most popular destination for Indian foreign direct investment and jobs created in the entire United States,” he maintained.
“With an unmatched business climate, a highly skilled and diverse workforce, and as America’s energy powerhouse, there is no better place for foreign companies to invest than in Texas. The bond between Texas and India is stronger than ever before, and I look forward to seeing how today’s meetings jumpstart a path toward more prosperity for both of our peoples,” he further said.
In Mumbai, the Governor and his delegation also met Bollywood film industry leaders, including singer and actor Talat Aziz. In the meeting, the governor highlighted Texas' thriving film industry and noted the importance of films in promoting cultural heritage.
India-Texas trade
India ranks ninth worldwide in the number of foreign direct investment projects in Texas. According to CII estimates, Texas stands out as one of the most favored destinations for Indian FDI capital investment and job creation in the U.S.
Over the last decade, companies from India have invested $1.4 billion in Texas through 59 projects, leading to the creation of more than 10,300 jobs. In 2022, Texas' total trade with India amounted to $20.4 billion, positioning India as the state's 11th-largest trade partner. During the same year, Texas exports to India reached $13.3 billion, constituting 28 percent of all U.S. exports to India.
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