Saturday, October 22, 2011

General Electric creating 2000 jobs... in India: "Screw you, America"

The US based company General Electric (NYSE:GE) has announced that they plan to build a $200 million multi-product plant in Pune, India, part of the company’s strategy to localize production while expanding in the Indian market space by 20-30 percent over the next year.

Jeffrey R. Immelt, General Electric (NYSE:GE) chairman, said that, “Our new integrated manufacturing facility is coming up near Pune on a 68-acre plot for making a wide portfolio of products for the Indian market. The company says 2,000 jobs will be created and the facility will begin with 450,000 square feet that can be expanded up to 1 million square feet if needed.” more