GE sees India revenue growing 15-20 percent: Immelt
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)
- Tweet this
- Share this
- Digg this
- Fears for tough penalties grow as India cleans up business
- India warns Pakistan of more pain in Kashmir fighting
- Giving pricey hepatitis drug to prisoners may be financially wise
- No fear of deflation: Indian consumers respond to softer oil, food prices
- New Jerusalem find may shed light on Jewish revolt against Romans
An unprecedented ban on DLF, India's largest property developer, from tapping capital markets has fuelled expectations of tougher penalties ahead, as the country's regulators feel emboldened to take on even companies long sheltered by political connections. Full Article