India's foreign direct investment in Georgia rose from $29,000 in 2005 to $26 million by November 2011. An FDI of US$6.13 million was made by Indian companies in Georgia in the third quarter of 2012 alone. JSW Steel Netherlands BV, the Dutch subsidiary of Indian firm JSW Steel, partnered with Georgian Steel Group Holding Limited to establish a plant to convert metal scraps into reinforced steel bars. The plant was officially inaugurated by President in November 2009. Trans Electrica was founded by Indian firm Continental Construction, along with British and Georgian firms, to construct a hydro power plant in Georgia. Escorts Group maintain authorized distributor in Tbilisi to sell their tractors and other products.
