Inaugurating US-based General Electric’s first multi-modal manufacturing plant in India, Prime Minister Narendra Modi pitched his Make in India campaign and invited GE to manufacture ships in India. Modi said, “The opportunities for manufacturing in India are immense. We are blessed with demographic dividend.”
The $200 million new plant is as much path-breaking for India as it is for the 136-year-old GE. It is the result of thinking that began within GE about three years ago: How can the company harmonize its various operations for better economies of scale and better use of capital? The answer was a multi-modal facility. The unit will manufacture a range of diversified products for sectors like energy, aviation, and oil and gas transportation.
Salient Features of the Facility
- Employment opportunities for over 1500 people
- Currently comprising over 25% female employees
- Covering an area of 68 acres
- 250,000 square feet, scalability potential to 1 million square feet
Sharing his comments, John G. Rice, vice chairman, GE said, “Today signifies a proud milestone for GE in India and the next step in our technology and innovation partnership, a journey that started over 110 years ago. Our operations here in Pune help us to compete locally and globally and play an important role in the resurgence of India’s manufacturing sector and in the country’s growth and development.”