GE creating even more jobs overseas‏

http://machinist.in/index.php?option=com_content&task=view&id=3151&Itemid=2 Jeffrey Immelt at it again. (GE) plans to invest an initial $50 million to set up a multi-business manufacturing facility in India. The company's energy business would be the principle user of the facility, which is expected to create more than 3,000 jobs. "The total investment will be $200 million including expansion The facility is expected to be initially established over 400,000 sq.ft. This can be expanded to 700,000 sq.ft later with additional investments. Immelt said that rapid growth in India is expected from wind, solar and gas. He said that GE has some new designs for bigger steam turbines."we are quite hopeful that we will get some work here ("here" meaning India) and also do some production joint venture," he said. GE is now open to manufacturing bigger steam turbines in India. The expansion of the facility also depends on the company's ability to expand it's locomotive business in India. Jeffery R. Immelt said that GE is very interested in setting up a deep-rooted manufacturing base in India for the locomotive business GE is also considering the option of manufacturing some of the products from its global product lines in the manufacturing facility in India. Jeffery R. Immelt was in the capital to attend a meeting of GE's corporate executive council, which comprises leaders from across the company. It is the first time in GE's history that the executive council meeting is being held outside the US.GE currently employs around 12,000 people in India. Obama must be thrilled with these results from the Head of His Jobs panel. Unemployed people must rest easy at night knowing Immelt is on the case.