India and U.S. have developed strong business relations with each other over the years. The United States has got great influence over Indian business. U.S. is the second largest source of FDI for India.
It is also the second largest trade partner of the nation after EU. Not only that, U.S. is the largest services export destination for India as well. In fact, American companies in India form the major part of the foreign companies operating in this country.
The biggest reason is the high potential of Indian market and economy. Along with China, India is the only fast-growing country that can make a difference to majority of the companies' bottom lines. One can learn from a simple statistics the reason why American companies are coming down to India. The gross domestic product of U.S. is expected to come down by 0.8% in 2009. On the other hand it is expected that India will grow at 6.6%.
Besides, established big brands have already impregnated the U.S. and European markets. But, the Indian market still offers a lot of scopes and spaces for those to grow.
India is also a large depository of skilled yet cheap labor. Hence, it becomes easy for the American companies to optimize their productions in India.
The American companies in India started their dream runs during 1990 when they reaped huge profits. The companies have seen double digit year-on-year growth in various sectors like Technology, Colas, Agriculture, Automobiles, Equipments, Finance and Banking. According to the American Chamber of Commerce in India, their membership base has soared up from zero in 1992 to more than 300 till date. However, the major success in terms of investment and growth came in technology sector. Many of the top IT companies in India are American. In fact, out of the top 20 IT companies operating in India, 9 are from the U.S. These American companies in India account for about 37% of the turnover of the top 20 firms operating in India.
However the growth of the American companies in India is not limited to IT or manufacturing only. India has a vast market of agriculture, which employs almost 70% of the population either directly or indirectly. 'Monsanto', an agro-chemical giant, is currently working on GM modified crops and fertilizers. It has also done well in forging sector also. The American retail giant 'Wal-Mart' has gone into collaboration with Bharti enterprise in the Indian retail sector.
There are a number of American companies in India which have been doing business successfully over the years. Following are some of the popular American companies in India:
It is also the second largest trade partner of the nation after EU. Not only that, U.S. is the largest services export destination for India as well. In fact, American companies in India form the major part of the foreign companies operating in this country.
Why are American Companies in India?
The biggest reason is the high potential of Indian market and economy. Along with China, India is the only fast-growing country that can make a difference to majority of the companies' bottom lines. One can learn from a simple statistics the reason why American companies are coming down to India. The gross domestic product of U.S. is expected to come down by 0.8% in 2009. On the other hand it is expected that India will grow at 6.6%.
Besides, established big brands have already impregnated the U.S. and European markets. But, the Indian market still offers a lot of scopes and spaces for those to grow.
India is also a large depository of skilled yet cheap labor. Hence, it becomes easy for the American companies to optimize their productions in India.
American Companies Journey
The American companies in India started their dream runs during 1990 when they reaped huge profits. The companies have seen double digit year-on-year growth in various sectors like Technology, Colas, Agriculture, Automobiles, Equipments, Finance and Banking. According to the American Chamber of Commerce in India, their membership base has soared up from zero in 1992 to more than 300 till date. However, the major success in terms of investment and growth came in technology sector. Many of the top IT companies in India are American. In fact, out of the top 20 IT companies operating in India, 9 are from the U.S. These American companies in India account for about 37% of the turnover of the top 20 firms operating in India.
However the growth of the American companies in India is not limited to IT or manufacturing only. India has a vast market of agriculture, which employs almost 70% of the population either directly or indirectly. 'Monsanto', an agro-chemical giant, is currently working on GM modified crops and fertilizers. It has also done well in forging sector also. The American retail giant 'Wal-Mart' has gone into collaboration with Bharti enterprise in the Indian retail sector.
List of American Companies in India
There are a number of American companies in India which have been doing business successfully over the years. Following are some of the popular American companies in India:
- Agilent
- Agro Tech
- American Express
- Amway
- Avaya
- Caltex
- Caterpillar
- CB Richard Ellis
- Cisco
- Citigroup
- Coca Cola
- Cognizant
- Colgate Palmolive
- CSC
- Cummins
- Discovery
- Dupont
- EDS
- Eli Lilly
- Emerson Electric
- EXL
- Federal Express
- Ford
- Franklin Templeton
- GE
- General Motors
- Gillette
- Honeywell India I
- BM
- Intel
- Johnson & Johnson
- JPMorgan
- Kellogg India
- Kimberly Clark
- Kodak
- McDonalds
- Metlife India
- Microsoft
- Morgan Stanley
- New York Life
- Ogilvy and Mather
- Oracle
- Pepsico
- Pfizer
- Pizza Hut
- Sun Microsystems
- Texas
- Tecumseh
- Timex
- Tyco
- UPS India
- Visteon
- Whirlpool
- Xerox Modicorp
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