GE Invests $200 Million In India

The new plant would employ 3,000 people and focus on energy, aviation and health sectors.

General Electric said it would invest about $200 million for setting up a infrastructure equipment manufacturing facility in India and would recruit over 3,000 people for the same this year.

At present, GE has a workforce of 6,300 in the company's manufacturing business in the U.S. which would be over 8,000 by the end of 2011 as the company would be adding up to 2000 workers more.

Not only the energy space, GE is also bullish on the locomotive manufacturing in India.

"We want to have a deep-rooted locomotive manufacturing base in India," he said, adding that the "pace of decision making" is affecting the business here.

GE has been planning to enter the locomotive manufacturing space here for the past decade but has not been able to make a breakthrough.

GE has been a long-term local player in transportation, energy, healthcare and financial services.

The company has a significant footprint across key locations in the country, with technology centres at Hyderabad and Bangalore. GE employs over 12,000 people in India.


See Also

GE Expands Energy Infrastructure With Acquisition of Dresser

GE Posts Banner Profits

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