February 22, 2013 / 9:28 AM / 5 years ago

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.

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

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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