GE to double Indian products in next 3 years

GE on Thursday said that it plans to take its products developed in India to 60 by year 2015 from the current 30 products developed in past two years.

GE India Technology Centre Managing Director Gopichand Katragadda said that the company has been focusing heavily on India for the past two years and would target to increase the number of products from the country.

“These products would be mainly in the areas of energy and healthcare,” he said.
The company announced that the first output from its earlier announced $200 million manufacturing plant in Pune will come in the third quarter of 2013.

It would manufacture products and components in wind turbine, sensing, aviation and gas engine segments.

GE said the Pune plant would employ over 2,000 people; however, no specific time for the hiring was announced. Katragadda also said that GE, as a part of its localisation initiative, plans to source castings and forging from the Indian market.

The company said it would like to participate in providing diesel locomotive engine to the Indian Railways once the tenders are called, adding that according to data, the railways need 1,000 locomotives in the freight and long distance categories in the next 10 years.