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Home arrow Business News arrow General Electric to invest $200 mn to set up manufacturing facility in Pune
General Electric to invest $200 mn to set up manufacturing facility in Pune Print E-mail
Written by Arjun   
Tuesday, 27 September 2011
Bangalore: General Electric (GE) plans to invest US $200 million (Rs.989.2 crore) to set up an integrated manufacturing facility at Pune in Maharashtra. The new facility is expected to create 2,000 jobs. GE chief executive Jeffrey R. Immelt said that the company would focus on increasing localisation to roll out customised products for the infrastructure sector.

"We have substantial business coming up in the renewable energy sector, especially wind energy, with orders for $100 million this year and hope to do $250-million business in the sector next year," Immelt said.

The Pune facility, coming up on a 68-acre property, will initially have a built up area of 450,000 sft, and later will grow to 1 million sft. It will begin with the manufacture of energy equipment, and then add more product lines.

"We will continue to focus on aviation, transportation, energy and healthcare to grow our business, which had seen about 30 per cent increase last year," he said.

GE already has a healthcare manufacturing facility in Bangalore that manufactures equipment like portable ECG machines and baby warmers. It also has a wind turbine assembly plant in Pune. GE's John F Welch Technology Center in Bangalore now has 4,000 engineers and is GE's largest integrated multidisciplinary research and product development centre outside the US. It was established in 2000 with 275 employees.

Immelt said that about 15% of the engineers in GE's engineering centre in India were working on developing products for the Indian market. He said that this would be doubled in the next few years. "In Bangalore, we have a great technical footprint that will allow us to penetrate deeper into the Indian market,” Immelt said.

He said growth in emerging markets was critical to GE. GE expects emerging markets to contribute $35 billion to its revenues this year. He said that the company was the second-largest exporter behind Boeing in the US.

 
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