GE India eyes JVs to grow financial biz | business | Hindustan Times
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GE India eyes JVs to grow financial biz

The US conglomerate General Electric is betting big on India. GE India would focus on expanding its financial services apart from other areas including energy and healthcare. For its operational financial business, it could look for a joint venture partner.

business Updated: Nov 12, 2010 20:32 IST
Mahua Venkatesh

The US conglomerate General Electric is betting big on India. GE India would focus on expanding its financial services apart from other areas including energy and healthcare. For its operational financial business, it could look for a joint venture partner.

“At present, we are not in talks with any company for a joint venture but we may look at it,” John L Flannery, president and CEO, GE India told Hindustan Times.

Flannery said that the company is also set to embark on an aggressive recruitment drive to support its growth targets. GE India has plans to grow 30%.

Flannery said the top management reshuffle exercise is over.