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GE will invest about Rs 300 crore to accelerate its businesses in Karnataka. The company, which is present in the energy, healthcare, lighting and transportation businesses currently, has a Rs 1000 crore R&D facility in the state.
The company has been present in India since the early 1900s and has over 5000 engineers and scientists in the centre, Mr John Flannery, CEO & President of GE India said at the Global Investors Meet 2012. "The employees are not here as cost arbitrage but are high value employees who have generated over 1500 patents," Mr Flannery said.
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