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GE sees India revenue rising more than 30% in 2011

GE sees India revenue rising more than 30% in 2011
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First Published: Thu, Mar 31 2011. 08 51 PM IST
Updated: Thu, Mar 31 2011. 08 51 PM IST
New Delhi: General Electric Co expects its revenue in India to rise more than 30 % in 2011, its chief executive for the country said on Thursday, as demand for energy and healthcare products remain strong in Asia’s third-largest economy.
GE, which makes goods ranging from jet engines to medical diagnostic equipment, plans to add 3,000-5,000 staff in the next two years in India, John Flannery told Reuters in an interview. The company currently has 14,000 employees in India.
In January 2011, GE posted a better-than-expected profit, helped by strong emerging-market demand for heavy equipment.
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First Published: Thu, Mar 31 2011. 08 51 PM IST