GE India eyes $3 bn revenue in 2007

GE India hopes to achieve a turnover of $3 billion in the current year, a substantial increase over $1.9 billion in 2006.
“India is an important market for us and the growth in revenues will be driven by investments in infrastructure, healthcare and financial services,” GE India President and CEO T.S. Chopra said.
General Electric Company’s (GE) oil and gas business has signed an agreement with Triveni Engineering and Industries (Triveni) to enter the fast growing high speed reciprocating (HSR) compressor market in India.
It would also procure drivers and all other components for packaging in India. It would be the customer's point of contact in India for both selling the packaged product and after-market sales and service.
GE’s compressors are used across the oil and gas sector.
Triveni Chairman and Managing Director Dhruv M. Sawhney said the market for HSRs is expected to grow to around Rs 500 crore by 2009.
22/10/07 Deepak Joshi/Hindustan Times

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Categories: Foreign Oct 2007