GE Power India looks to expand products and services portfolio
MUMBAI: GE Power IndiaNSE -1.06 % plans to invest in and expand its products and services portfolio in India over the next 2-3 years and will also use its manufacturing units for exporting to other countries, top executives told ET. GE was among the companies that set up manufacturing units for key components like the boilers and turbine generators for coal-based power generation units.
But since then, the market for coalbased units has been shrinking globally due to emission concerns, while the sector in India has been badly hit by the poor financial health of power distribution companies (discoms) and mounting debt of power generators.
