India
Wipro GE Healthcare to integrate units in India & South Asia
New Delhi | Friday, Oct 2 2009 IST
Wipro GE Healthcare, a joint venture between Wipro and US conglomerate GE, today said it will integrate all standalone units and plants of GE Healthcare in India and South Asia into a single entity. The integration would simplify the structure through consolidation of GE Healthcare's life sciences and medical diagnostics business units and X-Ray manufacturing plants. ''In 5 years, 50-75 per cent of GE Healthcare products will be made in India,'' GE CEO Jeffrey Immelt said here, adding the integrated companies would have 1200 employees in India. GE had in May said it planned to invest three billion dollars in research and development(R&D), with a primary motive of reducing the cost of its products and operating them. The strategic move would help in effective management, resource mobilisation and accelerating the growth for GE Healthcare, the 17 billion dollars healthcare business of General Electric Company (GE), through Wipro GE Healthcare's large distribution network. Currently, Wipro GE Healthcare distributes about 85 per cent of GE Healthcare's products and solutions in India. -- (UNI) -- 02DC1.xml
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