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Oct22
GE India Looking for Growth

General Electric Company (GE) is one of the largest companies in the world and in India, it has been present for quite sometime. Indian economy is growing and GE India is growing too. 2007 seems to be a successful year for GE India. It has seen impressive growth in the first three quarters and now GE India is hoping for a huge increase in turnover in 2007 compared to 2006.

Hindustan Times wrote:
GE India hopes to achieve a turnover of $3 billion in the current year, a substantial increase over $1.9 billion in 2006. India is an important market for us and the growth in revenues will be driven by investments in infrastructure, healthcare and financial services,” GE India President and CEO T.S. Chopra said. General Electric Company’s (GE) oil and gas business has signed an agreement with Triveni Engineering and Industries (Triveni) to enter the fast growing high speed reciprocating (HSR) compressor market in India.

 

If GE India can achieve this target of $3 billion turnover then it will be an impressive growth for the company. The good thing is that Indian government is now focusing on developing infrastructure and it can help GE to flourish in India more.

You can read this entry too: GE sees bright future is in Asia: $8 billion by 2010 in India and double growth in China


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