Opportunities for Indian Companies in Connecticut

India and Connecticut, while half a world away from each other, have an abundance of connections and have enjoyed strong cultural and business ties over the last few decades. India and its people sustain a strong presence in Connecticut, where Indians make up the 2nd largest foreign-born population in the state1. In fact, Connecticut has the 7th highest population of Indian residents proportionally in the United States2, with numerous Indian cultural groups operating in every corner of the state. As a result of this, Connecticut receives the 9th most tourism dollars by Indian travelers per capita3 in the country, further solidifying the ties that these two locations share.

Beyond the cultural, Connecticut and India have recently grown increasingly intertwined in an economic sense as well. Connecticut is known the world over as a center for insurance and financial services corporations, earning the nickname “The Insurance Capital of the World,” all of which are increasingly relying on the information technology and cybersecurity companies the contract with to be close to their home markets to quickly address any potential issues. These needs have drawn thousands of jobs to Connecticut from Indian firms such as Infosys, HCL Tech, and LTIMindtree, all seeking to open major offices closer to their most important clients. The influx of technology companies and the increasing tech-based needs of the insurance and financial services sector is why Hartford, the state capital and heart of the insurance industry, was named one of the top 20 best tech cities for IT jobs in the country4



Notable Indian Companies with Major Operations in Connecticut



A Focus on Higher Education

Connecticut’s success in knowledge economy industries, such as information technology, insurance and financial services, life sciences, and advanced manufacturing, is due in large part to the state’s world-class colleges and universities and the highly skilled workforce pipeline that they drive. Indian students form a large part of the state’s student population, with Connecticut being home to the 10th largest Indian student population per capita in the United States5. Our large Indian student population majorly effects the state both while they’re in school and after they enter the workforce, resulting in the 9th highest economic impact per capita driven by Indian students6 of any state in the country. 

Key Facts About Connecticut

  • 16% of all U.S. tech traded cluster GRP is produced within 120 miles of Hartford, Connecticut7
  • #9 for highest 5-year tech job growth8
  • 60,700 tech jobs in Connecticut9
  • #5 best tech talent pipeline10
  • #3 state for employees with advanced degrees11
  • 38 world-renowned colleges and universities, including Yale University — the #2 university in the country12

Connecticut’s institutions of higher education have been nationally recognized as drivers of technology sector growth and serve as valuable research and development partners for the Connecticut business community. The University of Connecticut (UConn) received federal funding from the U.S. Department of Energy for developing techniques to isolate and counteract the effects of cyberattacks on distributed energy resources, enhancing the speed of recovery operations. Central Connecticut State University, Quinnipiac University, Sacred Heart University, and the U.S. Coast Guard Academy were all designated by the U.S. National Security Agency (NSA) as National Centers of Academic Excellence in Cyber Defense for their curriculum standards. And workforce partners like UConn’s Stamford Data Science Initiative and Yale University continuously feed tech talent needs, growing tech subsectors thriving amid Connecticut’s green energy and defense hub in New London and life sciences hub in New Haven.

1U.S. Census Bureau, 2021; 2U.S. Census Bureau, American Community Survey 5YR estimates, 2022 data; 3Estimated by the Trade Partnership (Washington, DC) - Note: figure reflects services exports in the categories Travel (Business), Travel (Other Personal), Travel (Education), Travel (Health), and Passenger Fares; 4CompTIA, 2022; 5Institute of International Education Open Doors Report; 6Institute of International Education Open Doors Report https://www.iie.org/Research-and-Insights/Open-Doors and NAFSA International Student Economic Value Tool; 7Lightcast, 2022, AdvanceCT calculations; 8Lightcast, 2022; 9Lightcast, 2022, CompTIA definition; 10Business Facilities, 2023; 11U.S. Census Bureau; 2021; 12Forbes, 2023