Despite global slowdown, US manufacturing giant General Electric (GE) announced that its new manufacturing facility in Pune would develop localized products and solutions for the energy sector in its first phase of operation commencing in 2013.
The Government of Maharashtra and GE signed a Memorandum of Understanding (MoU). The new manufacturing facility would spread over a total area of 68 acres. GE will invest a cumulative amount of Rs 1100 crore in building this large scale facility - GE’s first such manufacturing site in India. It will hire over 2000 employees for this facility.