New Jersey + India: An Innovative Future
The State of New Jersey and India share a deep and long-standing cultural, educational and economic connection. Indian Americans are one of New Jersey’s fastest growing demographics and India is one of the world’s fastest growing economies. Major Indian companies TATA and Aurobindo have already made significant investments in New Jersey.
Our strategic location in the middle of the Boston, New York City and Washington, D.C. corridor provides access to one of the world’s most concentrated and affluent markets. With the #1 seaport on the East Coast and one of the busiest airports in America, New Jersey moves people and products like no other state in the U.S. New Jersey offers companies a top talent pool and sets the educational standard. Home to some of the best school and healthcare systems in the U.S., New Jersey is ranked the #1 State in America to Raise Children.
Indian companies and their employees that locate to New Jersey will not only profit, but also prosper.
Global Reach, Local Roots
Home to some of America’s most vibrant ethnic neighborhoods, Indian culture is embraced here in New Jersey more than anywhere else in the U.S. With the second largest Indian-born population in America, many Indian companies find New Jersey to be a perfect match. Here, Indian Americans are building a new American Dream, creating communities where they can celebrate their culture and traditions.
New Jersey is proud of our many thriving Indian communities. In Edison and Iselin, Oak Tree Road, also named “Little India,” is the largest Indian business hub in the U.S. The desi district is filled with grocers, gold and sari shops, and restaurants serving regional cuisines from Mumbai, Gujarat, and Hyderabad. The world’s largest Akshardham, a Bochasanvasi Akshar Purushottam Sansthan temple (BAPS), was inaugurated in Robbinsville in 2014. In Jersey City, India Square, also known as “Little Gujarat,” is home to one of the highest concentration of Asian Indians in the Western Hemisphere. Numerous Indian celebrations take place in the area including Navratri, Diwali and Holi.
An International Gateway
Our State welcomes international investment and provides an entry point for companies of all sizes to reach the North American market. New Jersey is home to 270 international company headquarters and 20 Fortune 500 companies. We are the #2 state for incoming foreign direct investment (FDI).
New Jersey is one of India’s strongest business and trade partners. We share the same vision for growth and innovation. India is our 4th largest trading partner for imports and exports. New Jersey is the top U.S. state for jobs created by Indian companies – totaling over 9,000. New Jersey ranks 1st in the Northeastern U.S. for share of Indian parent companies that start a venture here by constructing new operational facilities (also known as greenfield FDI).
Shared Key Industries for Growth
New Jersey’s diverse economy is well-positioned for innovation. International companies don’t just succeed here, they make history by shaping our world. Indian businesses in New Jersey are advancing technology, life sciences and manufacturing.
Of the top 14 Indian pharmaceutical companies by revenue for 2018, 10 have corporate offices in New Jersey, including Sun Pharma, Lupin and Mankind. These companies can tap into New Jersey’s highly educated workforce and unique commercialization ecosystem comprised of 6 elite research universities, 5 medical schools and some of the best hospitals in the nation.
Top Indian information technology companies Infosys and Wipro have found that New Jersey is wired for 21st century business. We’re the #1 state for broadband coverage and #2 for fastest download speeds.
Succhi Inc., a startup launched in 2016 by Indian immigrant Succhi Ramesh, designs, manufactures and ships clothing for American fashion brands and Fortune 100 companies using Suuchi Grid technology. New Jersey’s advanced manufacturing companies like Succhi can reach more than 38 million consumers within a 2-hour drive.
For Bollywood production studios looking to film here, our State offers one of the best film and television incentive programs in the country including a 2% diversity tax credit bonus.
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Photo Courtesy Jersey Digs
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