‘GE’tting better

IIPM PUBLICATION
GE’s joint venture with SBI – the SBI card crossed the landmark 3 million subscribers milestone earlier this year. GE Infrastructure in India is a $500 million business and GE is confident it can double it by next year. Locomotives manufacturing and plastics (the latter thanks to increase in mobile handset manufacturing in India) are other key growth areas identified. But one of GE’s most coveted opportunities in India comes from the nuclear deal that was signed between India and US last year (and recently passed by the US Senate). GE is expected to play a major role in nuclear power projects in India. The company has a current headcount of 13,000 in the country and plans to ramp it up to 17,000 by 2010.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative