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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.

(This article was published in the Business Line print edition dated February 13, 2006)
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