Obama visit can be a win-win deal for US, India: GE CEO
09 Nov 2010
Jeffrey Immelt, chairman and CEO of GE, in an exclusive interview with CNBC-TV18's Shireen Bhan, said the US president's visit to India would be a game changer for both countries and that he saw it as a win-win situation on both sides, if they played their cards right.
''The president has said that it is his desire to double exports in the next five years… Our experience in India has been one that both sides can benefit, that we can create jobs in the United States through exports, we can create jobs in India through supply chain and serving customers and doing engineering here.''
On GE's India operations he said that the road ahead for the company in India looks very promising. ''We see GE growing at 30 per cent a year,'' he said.
CNBC-TV18 shares with domain-b an interview with Immelt:
This is going to be a game changing visit because there are a lot of expectations on both sides but of course its being coloured by what's happened in the US with the domestic, political equation changing. Do you think that perhaps this is not going to live up to the expectations at least at the Indian side or the Indian business side?
I will make two points, first is from the United States' stand point. One of the ways the economy has to be repositioned is around exports.
The rest of the world is growing very quickly and for the United States to participate in that we have to be more focused on exports and the president has said that it is his desire to double exports in the next five years.
