KUALA LUMPUR, Sept 28 (Bernama) -- General Electric (GE) expects its business in Asean, China and India to grow at least 20 percent in respect of revenue this year, despite the current global economic challenges, said its chairman and chief executive officer Jeff Immelt.
Immelt said GE's business in Asean had contributed US$3.9 billion to the company's revenue last year while for China it was US$3.8 billion and India US$2.1 billion.
"The growth in China and India has accelerated," he told a media briefing, here on Monday.
GE, an American company, is a diversified entity with its principal activities embracing aircraft engines and power generation to financial services, healthcare and television programming.
On its healthcare business, Immelt said:"We are already the big investor in healthcare. So, what we are trying to do with it, is drive the business transformation model.
"The long term demographics in healthcare is quite positive. In the emerging market, it is based on a growing population.In the United States and Japan, it is the aging population.
"So, either way, there is going to be more demand for healthcare products."
He stated that healthcare is a long term growth market and needs new solutions.
GE indicated recently that it would spend US$3 billion over the next six years on healthcare innovation,to deliver better care to more people at a lower cost.
In addition, the company will commit US$2 billion in financing and US$1 billion in related GE technology and content to drive healthcare information technology and health in rural and underserved areas.
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