News: GE Healthcare to continue investing in India

(BL 16/03/2007) Bangalore - GE Healthcare, a $ 15 billion segment of General Electric Company, will continue to invest aggressively in India, where it is logging double-digit growth, a top company official said on Thursday.

"Based on the growth of (the company's) globalisation stand point and inherent growth of Indian marketplace, we will continue to aggressively invest here (India)'', GE Healthcare's President and CEO Joseph M Hogan told reporters here. ''It (India) is a g ood place to invest'', he said.

GE Healthcare has six legal entities in India, where it clocked revenues of $ 450 million last year. It has over the last 17 years invested $ 100 million in India, company officials said.

Hogan said India now accounts for around 15 per cent of GE Healthcare's global manufacturing, a 100 per cent growth compared to four-five years ago. He said he expects manufacturing of GE Healthcare products to grow very well in India going forward but added that ''a lot depends on (the growth) of Indian economy".

Hogan spoke highly of the quality of Indian engineers and said the company expects to hire 'hundreds' of them for its India and global operations.