GE planning a play in airport projects

GE India, a 100 per cent subsidiary of GE, the world's second-largest company by market capitalisation, is mulling a foray into the airport business in India.
GE is currently present in energy equipment, infrastructure, finance and healthcare businesses in India.
Pratyush Kumar, president and chief executive officer, GE India Infrastructure, told DNA Money: "We are looking at getting into investments in airport infrastructure."
The company may tie up with a construction company for airports. GE already manufactures airplane engines and security systems.
Airport modernisation in India is likely to attract investments worth Rs 40,000 crore, with the government opening up the airport sector.
Kumar added that the company would also look at non-metro airports, once the Airport Authority of India puts a policy into place.
Besides the modernisation of Chennai and Kolkata airports, the government plans to develop 35 non-metro airports through the public-private partnership route.
23/10/07 Jyoti Mukul/DNA Money/Sify

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Categories: Airports Oct 2007, Foreign Oct 2007, New Oct 2007