GE to hire 3000 techies
September 16, 2010 | Views
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General Electric plans to set up a new manufacturing plant at a potentialinvestment of up to $50 million in India, where it also intends to hire 3,000people for its technology centre here, senior company officials said today.
The President and CEO of GEIndia, John L Flannery, said the company expects to finalise the location by theend of this year and start construction next year, adding that several of itsbusinesses in India would share this proposed facility.
"... Between $10 million and$50 million," he told reporters when asked about the investment for the plant,which is planned to manufacture products from across its businesses.
The Vice-President andManaging Director of the GE India Technology Centre, Sanjay M Correa, said GEalso is keen to hire 3,000 people for its India Technology Centre, whichcurrently has a 5,000-strong workforce, in the next three years.
The 1.1 million square feetcentre here, GE's first and largest integrated multidisciplinary research andproduct development centre outside the US, today celebrated its tenthanniversary. This centre, for which the company has invested $175 million, hasso far filed more than 1,000 patents, out of which more than 140 have beengranted.
Correa said thetechnology centre here is working on key technologies that will help roll-outproducts in areas such as healthcare and energy, such as generators usingbio-mass, high-density batteries, hybrid locomotives and thin-film solar anddigital pathology, in the coming months.
Flannery said that GE, aleading infrastructure, healthcare and financial services company, will forayinto the nuclear power business in India as the market develops in the country.
GE India, which employs 12,000people across India, earned $1.6 billion in 2009, comprising local sales,exports and joint venture revenues.
GE Global Research SeniorVice-President and Director Mark M Little said the company plans to open atechnology centre in Brazil.