Tuesday, November 14, 2006

GE eyes big chunk of infrastructure pie

New Delhi: After its success in the country's information technology sector by pioneering India's back-office industry, global giant General Electric Co (GE) is charting an aggressive plan to participate in India's infrastructure development.
Underlining the importance of the GE Infrastructure business that contributes 35 per cent to GE’s revenue, the company has for the first time appointed a president, Pratyush Kumar, to anchor the business in India.
Kumar told Hindustan Times that the direct addressable market size for GE, with its interests in energy, transportation and water, is about $50 to $100 billion of India's estimated total spending of $320 billion on infrastructure over the next five years.
The company has already signed up its first few deals in infrastructure. GE Water & Process Technologies has bagged its first sea water desalination plant project from Tata Chemicals Ltd. The company has also signed a compressor deal with Reliance and a $2.2 billion-deal with Air-India for engines.
13/11/06 Prerna K Mishra/Hindustan Times
To Read the News in full at Source, Click the Headline


Post a Comment