Prime Minister Narendra Modi on Saturday inaugurated American multinational General Electric’s (GE) first manufacturing plant in India that will manufacture a range of diversified products for sectors such as energy, aviation, oil & gas transportation.
This multi-modal facility will support GE’s global operations as well as cater to the growing demand from the Indian market.
To support Mr. Modi’s ‘Make in India’ initiative, 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.
Mr. Modi assured global investors that the government’s reforms push will continue and one can expect predictability in government policies.
Thanking GE for committing additional investment in India, Mr. Modi 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 modernisation of Indian railway.
via Modi’s ‘Make in India’ gets GE boost – The Hindu.
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