GE scouting for buyouts in India

In an interview on the sidelines of World Economic Forum’s India summit, he said the company planned to set up a new manufacturing plant in India in 2011 that would need investments of “tens of million dollars” and would cater to more than one of its business segments.

GE had sales in India of $2.6 billion in 2008. It expects India revenue to grow 30 per cent annually for the next several years.

“Mergers and acquisitions, we are always looking for that,” Flannery said. “We would like to do that. That could be a sizeable number as well.”