Hyderabad: Leveraging the available talent pool and lower manufacturing costs, American conglomerate General Electric Company (GE) is planning to make India a manufacturing hub, “but for the world,” said Banmali Agrawala, president and chief executive officer (GE South Asia).
“There is an opportunity to step up the India advantage in manufacturing with the ‘India for the world’ concept. If the Indian markets are subdued for other economic reasons, it is an opportunity from an export perspective. We should cash in on this, especially when jobs etc are a major issue. So, that’s the way we are looking at it (India),” he said.
Speaking to mediapersons on the sidelines of the ISB Leadership Summit 2013 in Hyderabad on Friday, Agrawala said the fundamentals of the country still remained strong and that India was on the learning curve in terms of regulatory process.
GE is setting up a manufacturing facility at Chakan near Pune with an investment of $200 million. The plant will locally manufacture a host of different aviation and turbo machinery components and wind turbines.
08/11/13 K Rajani Kanth/Business Standard
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“There is an opportunity to step up the India advantage in manufacturing with the ‘India for the world’ concept. If the Indian markets are subdued for other economic reasons, it is an opportunity from an export perspective. We should cash in on this, especially when jobs etc are a major issue. So, that’s the way we are looking at it (India),” he said.
Speaking to mediapersons on the sidelines of the ISB Leadership Summit 2013 in Hyderabad on Friday, Agrawala said the fundamentals of the country still remained strong and that India was on the learning curve in terms of regulatory process.
GE is setting up a manufacturing facility at Chakan near Pune with an investment of $200 million. The plant will locally manufacture a host of different aviation and turbo machinery components and wind turbines.
08/11/13 K Rajani Kanth/Business Standard
