New Delhi: American multinational General Electric’s (GE) first manufacturing plant in India had been inaugurated by Prime Minister Narendra Modi on Saturday.
GE will manufacture a range of diversified products for sectors such as energy, aviation, oil & gas transportation.
GE’s global operation will be supported by multi-modal facility as well as cater to the growing demand from the Indian market.
GE Vice-Chairman John Rice announced the second phase expansion of this unit by saying that it was a testimony of GE’s commitment for the Indian market. He said it to support Mr. Modi’s ‘Make in India’ initiative.
PM Modi assured global investors that the government’s reforms push will continue and one can expect predictability in government policies.
PM Modi had thanked GE for committing additional investment in India.
He said, “This will give a boost to the ‘Make in India’ initiative. I welcome all global investors to invest in India and I am assuring you that your products manufactured here will be globally competitive.”
He also urged GE to participate in the defence production programmes of the government as well as that of modernization of Indian railway.
Bureau Report
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