GE India expect revenue to rise in India

New Delhi, October 22: The Indian arm of General Electric Co expects revenue to rise by more than half to $3 billion in 2007, and jump to $8 billion in 2010, a top company official said on Monday.

"India is going to be extremely important market for us," T.P. Chopra, president and chief executive at GE India, told reporters.

"Our key drivers are infrastructure, which includes energy, oil and gas, railways, aviation and water; healthcare solutions and financial services," he said.The company had posted revenues of $1.9 billion in 2006.

On Oct. 1, Ferdinando Beccalli-Falco, head of GE's operations outside the United States, told Reuters the firm would earn more from elsewhere than its home base as business in emerging markets was growing more than twice the pace of developed markets.

Courtesy:financialexpress.com
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