GE sees India revenue growing 15-20 percent: Immelt

NEW DELHI Fri Feb 22, 2013 2:53pm IST

Jeffrey Immelt, Chairman and CEO of General Electric, speaks at the 2012 Simon Graduate School of Business' New York City Conference in New York, May 3, 2012. REUTERS/Keith Bedford/Files

Jeffrey Immelt, Chairman and CEO of General Electric, speaks at the 2012 Simon Graduate School of Business' New York City Conference in New York, May 3, 2012.

Credit: Reuters/Keith Bedford/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - General Electric Co (GE.N) expects revenues from the company's Indian business to grow between 15 and 20 percent on a "sustainable basis", its Chief Executive Jeff Immelt said on Friday.

GE, which installed India's first hydro power plant in 1902, has Indian revenues of about $2.8 billion and employs about 15,000 people there.

All of GE's global businesses are present in India. GE says it exports over $1 billion in products and services from India.

(Reporting By Devidutta Tripathy; Editing by Daniel Magnowski)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Mircosoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage