The India unit of GE Healthcare projects revenue of $750 million this year, chief executive John Flannery said in an interview with the Economic Times.
Flannery believes that the current focus on cost, quality and outcomes, the hallmarks of India business, also forms an important aspect of the company’s global business. “India is one of the highest growth businesses we have anywhere in the world. It has strong double-digit growth. So, it adds a lot of features to our global business,” he added.
The India market for GE Healthcare is growing at 20 percent annually and the company is targeting over $1 billion in revenue by 2020.
