GE’s Bihar Project is Going Ahead, says CEO
General Electric CEO Flannery told ET Now’s Nayantara Rai he’s been assured the company’s locomotive project in Bihar is going ahead. He was speaking in the US after a meeting with finance ministry Arun Jaitley. Edited excerpts:
What did you discuss with finance minister Arun Jaitley? We have been in India for over a 100 years. I am a huge fan of the country. We have got large, growing investments there in research centres, manufacturing. We have always had a strong opinion on the economy. We (with Arun Jaitley) really were just discussing things we can do to work together. The government continues to have a really pragmatic, investment-oriented approach. We talked about reforms, regulations, things like that. It only underscored and renewed my confidence in the country.
There has been that one big order that has been in the news of late. Is it going to be cancelled, not cancelled, is it going to be delayed — any update on that? Just the assurance that the project is going to go ahead. GE is doing its part and the government will do their part. So, good discussion on that.
Because if that does not go forward, it is not going to look good for India globally. I would imagine that’s what has been said by GE earlier. We have every expectation that everything will go forward. It is a hypothetical question, we do not expect that to be the case at all. Are you looking to step up investments in India? Yes, we continue. I think in our healthcare business, in our aviation transportation… we have got a manufacturing facility in Pune — that continues to grow. I think we will expand that. You will see us continue to invest heavily in India.
As you take over, what are your top priorities at GE Grow our business in India and everywhere else around the world. It is an incredible company.
You have big shoes to fill… I do absolutely… but I look forward to it.