GE positive about mfg operations in India

New Delhi: General Electric would set up a multi-facility infrastructure manufacturing unit in India.

Initially, they would invest $50 million (Rs 250 crore).The Total investment will be $200 million and the company will take a call in the next three to six months.

The facility would focus on equipment for the energy sector, besides aviation and health areas.

Within the next quarter or 90 days,it would announce the facility and the construction work would start in the second quarter (July-September).

The company did not give details of possible locations.

GE also wishes to set up a locomotive manufacturing unit in India. GE has been planning to enter this segment.