GE to double exports to India

PRESS TRUST OF INDIA

Mumbai, Nov 6: Pinning hopes on stronger Indo-US ties in the wake of US President Barack Obama's visit here, Global engineering firm General Electric (GE) today said it plans to increase exports to India. The company said it is looking at doubling its overall exports in next five years.
 "The rest of the world is growing very quickly... We have to be more focused on exports. It is our desire to double our exports in five years," GE Chairman and Chief Executive Officer (CEO), Jeffrey R Immelt told a private news channel.
 Obama arrived in Mumbai today as part of his three-day India visit that will focus on seeking greater access to Indian markets for American businesses, besides dealing with wide range of political issues.
 Immelt said scaling up of exports by GE would also benefit other countries as it would create jobs in the rest of the world, besides the US.
 India is a big market for engineering firms as there would be big focus on infrastructure development during the 12th Five year plan, which would commence in 2012.
 Though the next Plan has not been unveiled yet, Prime Minister Manmohan Singh has already indicated that investment in infrastructure would be doubled to USD 1 trillion during 2012-17, as against USD 500 billion in the current Plan.

Lastupdate on : Sat, 6 Nov 2010 21:30:00 Makkah time
Lastupdate on : Sat, 6 Nov 2010 18:30:00 GMT
Lastupdate on : Sun, 7 Nov 2010 00:00:00 IST




  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

SPCB tightens noose around hospitals

‘Dispose bio-medical waste scientifically or face action’

ARIF SHAFI WANI

Srinagar, Nov 6: After busting the racket of unscientific disposal of bio-medical waste, the Jammu and Kashmir State Pollution Control Board (SPCB) on Saturday issued notices to the major Government and More



  • Srinagar City

Fished out from Dal, driver safe

GK NEWS NETWORK

Srinagar, Nov 6: A speeding Maruti car on Saturday morning skid off the plush Boulevard and plunged into Dal lake when its driver lost control on the cab. He was rescued by the timely action of cops from More




  • Jammu

JKPM hosts seminar

Jammu: Tributes were paid to Muslims of Jammu who were massacred by fanatics in 1947 at a seminar here on Saturday.   The seminar organized by Jammu and Kashmir People’s Movement (JKPM) and attended More



  • PaK

Pakistani rulers have become yes-men of India: Jamaat-e-Islami

TARIQ NAQASH

Muzaffarabad, Nov 6: Top leaders of Jamaat-e-Islami and representatives of other political parties Saturday asked India to read the writing on the wall and fulfill its commitment of providing right of More



  • Business

Obama gets $10bn deal, 54,000 US jobs

PRESS TRUST OF INDIA

Mumbai, Nov 6: US President Barack Obama today announced that "several landmark" deals worth USD 10 billion (nearly Rs 44,000 crore) have been reached between the two countries for creating about 50,000 More



  • News

NRKS REMEMBER JAMMU MARTYRS

NISAR THOKER

Islamabad, Nov 6: While urging the US president Barack Obama to fulfill his promise with regard to the settlement of the Kashmir issue, No Resident Kashmiris (NRKs) at a seminar hosted by Pak chapter of More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions