New Delhi, Feb. 12
GE-PLASTICS is targeting to double its revenues in India from Rs 500 crore now to Rs 1,000 crore by 2008, a company release said.
In the wake of the booming economy, the company said it planned to invest in new materials, technologies, application development and infrastructure in the country.
"India is a rising star and a priority country for GE-Plastics and we see tremendous opportunities, especially in its booming automotive, building and construction and telecom sectors," the GE-Plastics Pacific President, Mr Alan Leung, said.
Mr K. Venugopal, President and CEO of GE-Plastics, India, said: "We are very bullish on India and the tremendous opportunities it offers us as a material solutions supplier. From 2004 to 2005, GE-Plastics doubled its revenues in India and we are projecting that we will do it again by 2008."
GE-Plastics is a provider of engineering thermoplastics materials solutions. It is also a global supplier of plastic resins used in automotive, health care, consumer electronics and optical media applications, among others.