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GE Health plans mfg hub in India
Mint Mumbai
|September 14, 2023
Medical technology giant GE HealthCare plans to scale up manufacturing in India and has chosen the country as part of its strategy to diversify beyond China, a top executive said.
An official announcement on the manufacturing boost is expected soon.
“India for India makes sense. And China for the world used to be the biggest title. Today, I want to say China and India for the world, not only China. We need to balance. You don’t put all your eggs in one basket. Now, here’s the point. India will need to make sure the infrastructure exists for these companies to grow. We will have much more manufacturing," said Elie Chaillot, president and chief executive, intercontinental, GE HealthCare.
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