US companies increasingly looking to shift operations to India amid supply chain reset: Envoy
New Delhi, May 21 -- US Ambassador to India Sergio Gor on Thursday said American companies are increasingly looking at India as a preferred destination for expansion and supply chain diversification amid ongoing global realignments.
Speaking at the Annual Leadership Summit of the American Chamber of Commerce in India, Gor said, "Every single week, CEOs from the United States come to the embassy and say, I want to move my company from another country to India."
Highlighting the growing corporate interest in India, he said, "In the last week alone, from Uber to Walmart, their top CEOs are here." Gor further added that executives from Boeing, Lockheed and GE were also scheduled to visit India this week.
"And they're here, they're not in o...
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