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General Electric Co to use new India manufacturing facility as export hub.
14 Feb 2015

The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, April 27, 2014. REUTERS/Vincent Kessler

 

(Reuters) - General Electric Co will use its new manufacturing facility in India, which was formally inaugurated on Saturday, as an export hub, with plans to send half of its output to the conglomerate's global factories.

The 67-acre plant in Chakan, near the western city of Pune, is GE's first multi-purpose manufacturing facility in India, which will produce a range of products that will include aviation, rail and diesel engines.

It will also be a major part of GE's plan to win increased domestic orders, the U.S. company said at inauguration, which was attended by Prime Minister Narendra Modi.

The GE plant dovetails with the government's push to turn the country into a manufacturing hub with its "Make in India" initiative

Source: http://www.reuters.com/article/2015/02/14/us-india-ge-idUSKBN0LI0D820150214