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

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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)

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