GE bets on India, keen on acquisitions across sectors

New Delhi: General Electric (GE) is in talks to acquire Indian firms in sectors such as healthcare, energy, transportation equipment and infrastructure, as the $183-billion conglomerate looks to expand beyond the US and Europe, its key markets that are affected by the global economic downturn.
GE is going ahead with investment plans in its existing businesses, such as healthcare, water, energy, aviation, rail and financial services. The firm is looking at partnering firms across sectors to leverage their knowledge and technology-sharing know-how.
The company, based in Fairfield, Connecticut, also plans to ramp up its headcount across divisions in India over the next few years. The company, which employs around 3,23,000 people globally, has around 12,000 people on its rolls in India.
14/09/09 Pramugdha Mamgain/Economic Times

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Categories: Foreign Sep 2009