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General Electric Chief Remains Cautiously Optimistic About India
Feb 22nd 2013, 12:24

NEW DELHI – On a visit to India, the head of one of the world's largest companies painted a fairly optimistic portrait of India's growth prospects, although he hinted that Indian policy makers had reasons for concern. Jeffrey R. Immelt, the chairman and chief executive of General Electric, said Friday that G.E. was investing nearly $200 million in a manufacturing facility in Pune and another $75 million in a research and development site in Bangalore. He said that he expected both facilities to grow smartly in the coming years. "We think Pune could be a big facility because the demand here is so big," he said. "Our revenue here should grow between 15 and 20 percent annually on a sustainable...

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