GE targets 8 bln usd in annual sales in India by 2010 - report

Hong Kong: General Electric Co plans a new push in India, aiming to generate 8 bln usd in annual sales in that country by 2010, the Wall Street Journal reported.
It said GE's chairman and chief executive Jeffrey Immelt is scheduled to outline the company's plans at a speech to an industry association in Bombay today.
The 8 bln usd sales target is eight times GE's revenue in India last year and also dramatically higher than GE's prior target of 5 bln usd for annual India sales by 2010.
The renewed push into India comes as Immelt looks to get 60 pct of the company's growth from developing markets by 2015, primarily in China and India.
30/05/06 XFN-ASIA/Forbes

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