GE plans new plant in India

GE India President & CEO John L Flannery said the company expects to finalise the location by the year-end and start construction next year, adding that several of its businesses in India would share this proposed facility.

“We will invest between US$10 million and US$50 million,” he said.  GE India Technology Centre Vice-President & Managing Director Sanjay M Correa said GE is keen to hire 3,000 people for its India Technology Centre, which currently has 5,000-strong workforce, in the next three years. The 1.1 million square feet centre, GE’s first and largest integrated multidisciplinary R&D development centre outside the US, celebrated its 10th anniversary. 

Correa said through ‘GE’s In India For India initiative’, the company aims to improve the quality of life in areas such as water, energy, healthcare by leveraging on the technologies developed at GEITC. “Our endeavour is to innovate and adopt. We give maximum priority for localising our products,” said  Correa.

Since its inception in 2000 as a greenfield project, GEITC has made a total investment of $175 million.  Reinforcing their commitment to address areas of infrastructure and healthcare, Flannery said GEITC is ready for developing local capabilities, partnership and technologies to fill the gaps in the local market by developing relevant products at affordable prices.

On job restriction in the US,  GE Global Research Senior Vice President & Director Mark M Little said GE believes in technology and innovation and for its enhancement we are ready to go any where in the world. “We do not believe in offshoring.  GE is ready to go anywhere to tap best talents,” he added.

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