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    NORTH AMERICAN Newsline                                                   MAY 15, 2026     |  The Indian Eye 18

             India Bets Big on US Investments as Tech,

                   Space and Manufacturing Ties Deepen

              Record investments at the SelectUSA Summit and growing cooperation in technology

                           and space signal a new phase in the India-US economic partnership

            OUR BUREAU                                                                                            ing  technological  ambitions  were
                                                                                                                  also on display in the space sector.
            Washington, DC
                                                                                                                  Ambassador  Kwatra  congratulated
               ndia’s economic engagement with                                                                    Bengaluru-based  startup  GalaxEye
               the United States gathered fresh                                                                   following  the  successful  launch  of
            Imomentum  this  week  as  senior                                                                     Mission  Drishti,  described  as  the
            Indian diplomat Vinay Mohan Kwa-                                                                      world’s first OptoSAR satellite com-
            tra held a series of high-profile meet-                                                               bining optical and radar imaging ca-
            ings  highlighting  expanding  cooper-                                                                pabilities.
            ation  in  technology,  manufacturing,                                                                    Calling it a “proud moment for
            investment, and space innovation.                                                                     Indian  deep-tech,”  Kwatra  praised
                At  the  centre  of  the  develop-                                                                the company’s achievement and said
            ments  was  the  2026  SelectUSA  In-                                                                 the  mission  represented  another
            vestment  Summit  in  Washington,                                                                     milestone in India’s rapidly expand-
            where Indian companies announced                                                                      ing private space ecosystem.
            investments  worth  more  than  USD                                                                       Mission   Drishti,   launched
            20.5  billion  in  the  United  States  —                                                             aboard  a  SpaceX  Falcon  9  rocket,
            the  largest  investment  commitment                                                                  is considered a major breakthrough
            by  any  country  at  the  summit  this  and pharmaceutical sectors and re-  structure,  digital  innovation,  and  for India’s commercial Earth obser-
            year.  The  record  figure  has  been  flected the growing strength of the   manufacturing. Discussions focused  vation sector. The 190-kilogram sat-
            viewed by officials in both countries  India-US partnership. “India sends   on  opportunities  for  collaboration  ellite combines optical imaging and
            as a sign of deepening economic inte-  large delegation to SelectUSA with   in  high-tech  industries,  industrial  synthetic aperture radar technology,
            gration between the world’s two larg-  huge results,” it said, describing the   development,  talent  exchange,  and  allowing round-the-clock, all-weath-
            est democracies.                  summit outcomes as “the US-India   investment flows.                er Earth observation.
                Meeting  members  of  the  Indi-  partnership in action.”           Governor Shapiro later said he    The mission has drawn attention
            an  business  and  startup  delegation   Sergio  Gor  also  praised  the   looked forward to strengthening ties  because it demonstrates how Indian
            attending  the  summit,  Ambassa-  scale  of  Indian  investment,  saying   with  India  to  “attract  more  invest-  startups are increasingly moving be-
            dor  Kwatra  said  Indian  enterprises  the  USD  20.5  billion  commitment   ment,  expand  our  talent  pipelines,  yond support roles and emerging as
            would play a critical role in helping  demonstrated  that  investing  in  the   and  create  more  good-paying  jobs  major innovators in the global space
            India  achieve  its  long-term  “Viksit  United  States  continued  to  deliver   for both Pennsylvanians and Indians  economy. Analysts say the technol-
            Bharat 2047” vision through greater  “strong  markets,  trusted  partners,   alike.”                  ogy  could  have  significant  applica-
            investments in technology and man-  and real returns for American work-  Pennsylvania  has  emerged  as  tions  in  defence,  agriculture,  disas-
            ufacturing.                       ers and communities.”             an  important  economic  partner  for  ter management, and infrastructure
                “Delighted to speak with the In-  The  investment  push  comes  at   India in recent years. More than 18  monitoring.
            dian  Business  and  Startup  Delega-  a  time  when  both  New  Delhi  and   Indian  companies  have  collectively   Indian  officials  have  portrayed
            tion participating in the Select USA  Washington  are  attempting  to  di-  invested  over  USD  540  million  in  the success of Mission Drishti as ev-
            Summit,” Kwatra said in a post on  versify  supply  chains  and  reduce   the  state,  while  Pennsylvania-based  idence of the country’s evolving inno-
            X.  He  emphasized  the  importance  overdependence   on   traditional   firms maintain significant operations  vation ecosystem, where private firms
            of strengthening India’s position in  manufacturing  hubs.  Indian  com-  in India’s agriculture, chemicals, and  are  working  alongside  institutions
            global supply chains and expanding  panies,  particularly  in  pharmaceu-  food processing sectors.   such  as  Indian  Space  Research  Or-
            its technological and industrial capa-  ticals, advanced manufacturing, and   The  relationship  is  also  sup-  ganisation, NewSpace India Limited,
            bilities.                         digital  technology,  are  increasingly   ported  by  a  large  Indian-American  and IN-SPACe.
                The  strong  Indian  presence  at  positioning themselves as long-term   community in the state, estimated at   Taken  together,  the  record  in-
            the  summit  drew  praise  from  US  investors in the US economy.   more than 200,000 people, alongside  vestments at SelectUSA, the expand-
            officials as well. The US Bureau of   Beyond  Washington,  Ambassa-  nearly 10,000 Indian students study-  ing  state-level  partnerships,  and  the
            South  and  Central  Asian  Affairs  dor  Kwatra  also  travelled  to  Har-  ing at Pennsylvania’s educational in-  rise of Indian deep-tech firms point
            described the investment announce-  risburg, Pennsylvania, where he met   stitutions. Academic ties have been  to  a  broader  transformation  in  In-
            ments  as  a  “record-breaking  mo-  Josh  Shapiro  to  discuss  expanding   strengthened  through  institutions  dia-US relations.
            ment,”  noting  that  Indian  invest-  economic  and  technological  coop-  such as the University of Pennsylva-  Increasingly,  the  partnership  is
            ments represented the single largest  eration between India and the state.  nia and its Center for the Advanced  being shaped not only by diplomacy
            amount pledged by any participating   During  the  meeting,  Kwatra   Study of India, the first American re-  and security cooperation, but by capi-
            country in 2026.                  briefed  the  governor  on  India’s   search centre dedicated to contem-  tal flows, technology, innovation, and
                The  bureau  said  the  deals  rapid  economic  transformation,   porary India.                   the growing global ambitions of Indi-
            spanned technology, manufacturing,  highlighting developments in infra-  At the same time, India’s grow-  an industry.

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