Airport upgrade: GE Looks to Unite With India Firms

General Electric Co. is looking to team up with some of India's top construction companies to help the U.S. company win lucrative contracts as India upgrades its airports, a news report said Tuesday.
GE officials have begun talks with at least three Indian companies - Larsen and Toubro Ltd., Gammon India Ltd. and the GVK group, the Mint financial newspaper reported.
India is expected to spend about US$12 billion (euro8.9 billion) over the next 15 years in upgrading airports, according to a joint study by the Federation of Indian Chambers of Commerce and Industry and Sydney-based Center for Asia-Pacific Aviation
The country's airports have failed to keep pace with a boom in air travel that has followed the country's rapid economic expansion, making traffic chaos and flight delays routine.
Airports at New Delhi and Mumbai, which handle more than two-thirds of international flights into India, are being modernized and expanded, while Bangalore - the country's technology hub - is building a new airport. Airports in several other cities are getting upgrades.
29/05/07 AP/Forbes, US

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