GE to put $250m into India’s infrastructure

Fairfield: General Electric Co. will invest $250 million into India's infrastructure, and will work on areas like aviation, health-care, energy, and water to help India continue its strong economic development.
GE's chairman and chief executive officer, Jeff Immelt, made this announcement late last month at the Bombay Chamber of Commerce and Industry. He said GE plans to substantially increase its presence in India. He added that the Indian market is "set to realize its potential."
GE is involved in several energy projects in India, and the company said it will continue its investments.
GE Aviation spokesman Dan Kennedy said he has seen tremendous growth in India over the past three years and the country has become an enormous customer. Over this period of time, Kennedy said GE Aviation in India has received orders for over 100 engines that total about $5 billion in revenue. This past February, he said Air India ordered $2.2 billion worth in GE engines.
20/06/06 IndUS Business Journal, US

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