<p>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.<br /><br />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.<br /><br />“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.”</p>
<p>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.<br /><br />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.<br /><br />“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.”</p>