The group, for which former Speaker of House Newt Gingrich has agreed to serve as honorary chairman, has been named as Republican Hindu Coalition (RHC) and modelled after groups like the Republican Jewish Coalition.
Shalabh "Shalli" Kumar, a Chicago-based industrialist, initiated the group to promote conservative principles like free markets and limited government with a focus on Indian- Americans.
Though it is called the Republican Hindu Coalition, organisers say it is open to all faiths.
"We are actually giving away our economic future to China, the world is a lot less secure today than it was seven years ago, and conservatives and Republicans have to win and take the White House. This is the time when Hindu-Americans should very actively get involved," Kumar said.
Also Read
Kumar, chairman of AVG Advanced Technologies, is hoping to organise a congressional delegation in India after they formally launch the coalition next month.
The US and India can draw closer on a number of issues, including getting the US to rely more on India for manufacturing than China, he said.
The RHC is proud of Louisiana Governor Bobby Jindal for his decision to run for next year's presidential election.
Born in Punjab, Kumar migrated to the US in 1969. He was a supporter of the Democrat party until he met President Ronald Reagan in 1979, becoming a staunch Republican.