11:22 AM GE (General Electric) Investment in India reaches $ 200 Million | |
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The next investment will reach U.S. $ 200 million depending on how GE's businesses are growing in this country. "We will invest in multi-business manufacturing in India," said Jeffrey Immelt, today. But he refused to describe the form of industry and what facilities will be built. GE's investment in India continues to grow as the company's focus on developing countries like China, Russia and Brazil. Investment was also in line with GE's business plan to boost revenue 60 percent from outside the United States this year. Immelt said GE saw the potential of India in infrastructure, health and energy. Current optimism comes from the experience of foreign companies that show resistance to do business in this country at the same is the unfolding corruption scandal that could actually affect the probability of investment. Foreign direct investment into India last year reached U.S. $ 21 billion, or tumbled 22 percent over the previous year. The data disclosed by the Ministry of Industry and Trade. "We continue to see in general, growth in the world like Latin America, Middle East, Canada, Australia continues to grow. We also saw good growth in Russia, China and India," said Immelt. | |
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