GE Finance eyes realty, aviation in asset push

Bangalore: GE Commercial Finance, which has an asset base of more than $230 billion globally, is planning to increase its exposure in the Indian market.
The company, which is registered as NBFC (non-banking financial institution) in India, is targetting an asset base of over $8 billion by 2010 from less than $4 billion at present. The financing behemoth is betting on real estate, aviation, infrastructure and energy to drive growth.
Speaking to Business Standard, Tejpreet S Chopra, president & CEO, GE Commercial Finance India said, “Globally, we are among the top to finance commercial sectors across a range of sectors which we understand in depth. Be it infrastructure, manufacturing, power, real estate, we have been pioneering funding with a plethora of instruments. We should be breaching the $8 billion mark much ahead of our target time.” Though Chopra declined to spell out the company’s current asset base, industry sources confirmed that it was close to $4 billion.
11/04/07 Raghuvir Badrinath/Business Standard

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Categories: Foreign Apr 2007, General Aviation Apr 2007