GE to double its revs in 3 years
Healthcare equipments major GE is eyeing to double its revenues from South Asia to $800 mn in the next three years.india Updated: Mar 14, 2006 11:39 IST
Global healthcare equipments major GE is eyeing to double its revenues from South Asia to $800 million in the next three years and will make "need-based" investments in manpower, manufacturing and technology.
"We are looking at doubling the revenues of GE Healthcare Technologies from South Asia. About 90-95 per cent of the $400 million revenues, currently, come from India and the expected growth is likely to follow the existing trend," GE Healthcare Technologies in South Asia (GEHTSA) CEO V Raja told reporters on Monday.
The company would make "need-based investments in India in manpower, manufacturing and technology which could run in few millions or even more," he said, announcing the installation of its next-generation scanner 'LightSpeed Volume CT system' at Batra hospital.
GEHTSA would have 10 such scanners installed in India, by June this year. It has already established one in Bangladesh. The company is also planning to increase its headcount in India.
"We already have about 2,000 employees in India, which is about 40 per cent of company's global engineering and technology expertise, and would be employing about 10 per cent more this year," he said.
The company manufactures PET scanners, X-ray machines, picture tubes and other healthcare equipments here.
When asked about shifting manufacturing units here, Raja said: "Initially, we will have India specific manufacturing we might, later, have manufacturing facility for the globe."