GE aims for $1 bln in India 'Ecomagination' sales
BOSTON (Reuters) - General Electric Co. said on Tuesday it aimed to generate $1 billion in annual sales through its "Ecomagination" program in India by 2010.
The program focuses on products that are energy-efficient or in other ways environmentally sustainable.
The world's second-largest company by market value, behind Exxon Mobil Corp., also said it had signed a memorandum of understanding to sell more than $2.2 billion of jet engines to Air India.
Overall, GE currently generates about $2 billion in revenue in India. It aims to boost that to $8 billion by 2010.
The company reported 2006 revenue of $163.4 billion
The program focuses on products that are energy-efficient or in other ways environmentally sustainable.
The world's second-largest company by market value, behind Exxon Mobil Corp., also said it had signed a memorandum of understanding to sell more than $2.2 billion of jet engines to Air India.
Overall, GE currently generates about $2 billion in revenue in India. It aims to boost that to $8 billion by 2010.
The company reported 2006 revenue of $163.4 billion
source: reuters
posted by anandsonline @ Wednesday, February 21, 2007
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