General Electrics Co. said that the company is looking ahead to invest in country’s rail, power and healthcare sectors. In the past five years investments have doubled to $3 billion.
Jeff Immelt company’s Chairman and CEO, is up to, visit India later this month.
The CEO stated that India enacts as key to growth for Asia continent, and his company is looking to grab the opportunity to invest.
As part of its Make in India initiative, the company has enhanced the level of local sourcing by 30% in power equipment, 20% in locomotives and 15% in aviation.
The company said,“India may soon become a global centre of excellence for certain components.”
To form Public Private Partnership within Bihar, the company is in line with its existing partners.
The company announced $200 million investment in its multi-modal manufacturing facility in Pune, Maharashtra.
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