Greentech Lead India: GE will invest Rs 300 crore to
expand research & development & engineering design in critical
infrastructure areas of healthcare, energy and transportation in India.
GE Technology Center will strengthen its presence in
Bangalore, Karnataka, India.
It is also planning to set up new R&D labs.
GE India announced this investment on the sidelines of
the Global Investors Meet, 2012 organized by the Government of Karnataka.
The centre will include experimental labs and its
infrastructure showcasing research and engineering in areas of critical
importance including cancer treatment, radiochemistry and other technology
applications in healthcare, locomotive engines, heavy earth moving equipment
and equipment for the energy sector.
GE’s India Technology Center in Bangalore is GE’s first
and largest integrated multi-disciplinary research and development and
engineering centre outside the USThe Center leads in engineering innovation
across GE’s diverse businesses.
“India holds immense strategic importance in GE’s overall
growth plans. The new investment will further strengthen our efforts to partner
the State of Karnataka and provide best in class products and localized
solutions for the people of India,” said John Flannery, president & CEO, GE
“GE’s journey in India started with Karnataka and has
over time harnessed the highly talented workforce in the state and enabling
regulatory environment to strengthen its research, innovation and engineering
capabilities across disciplines,” said Gopichand Katragadda, managing director,
GE India Technology Center.
GE’s India Technology Center has over 4000 employees.
Over the last decade, the work done by employees at the Center alone has
contributed to over 1500 patents being filed by the parent General Electric