Financial Daily from THE HINDU group of publications
Thursday, November 10, 2005
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Financial Daily from THE HINDU group of publications Thursday, November 10, 2005 |
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News Update as at 17.00 hrs (IST)
General MUMBAI: Diversified technology, media and financial services company GE on Thursday said it would reinvest with its key customers, the entire $145 million it received following the comprehensive settlement of its Dabhol-related disputes. The company, which has established the India Development Fund to make investments in projects, aimed at tripling its revenues in India in three years to $3 billion by 2008, it said in a release here. "The GE India Development Fund is a reaffirmation of our commitment to India as we reinvest the money received in settlement of our claims related to the Dabhol Power Project," Company president and CEO Scot R Bayman said here. - PTI
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