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India is growth engine for Asia: General Electric

By Religare
|

General Electric has said that India is a growth engine for Asia and it is planning to invest more in line with the 'Make In India' initiative, media reported.

As per reports, GE, which has diverse business interests spanning from manufacturing to healthcare, is keen to bolster its partnership with India and wants to be part of efforts to make the country a global manufacturing destination.

Commenting on the issue, General Electric's Chairman Jeff Immelt told the media, "India is a growth engine for Asia, and we see huge potential for the country in the manufacturing space."

 

"Infrastructure is a key driver of India's growth. We are keen to invest much more in India and in projects to boost its infrastructure in sectors such as rail, power and healthcare. These efforts will have a ripple effect on the overall economic growth in India and beyond," he added.

As per reports, GE has doubled its investment in the country over the last five years and the group is ensuring that investments and jobs created in India support the 'Make in India' initiative

Story first published: Monday, September 7, 2015, 9:00 [IST]
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