Comments
US-based General Electric (GE) factory’s India unit would manufacture advanced turbines for a power plant in Samalkot, Andhra Pradesh, which would create some 1,600 jobs, the US President, Mr Barack Obama, has said.
During his visit to the GE factory at Schenectady in New York, Mr Obama said the GE deal was a result of his successful India visit in November last year.
“Part of the reason I wanted to come to this plant is because this plant is what that (India) trip was all about,” he said at the factory.
During Mr Obama’s trip to India, the US businesses were able to reach an agreement to export $10 billion in goods and services to India, which is estimated to create some 50,000 jobs in the United States.
“As part of the deal we struck in India, GE is going to sell advanced turbines — the ones you guys make — to generate power at a plant in Samalkot, India,” Mr Obama said.
He told the audience that he is sure that most of them might not have heard the name of this Indian town, which is now creating jobs for them.
“Most of you hadn’t heard of Samalkot,” he said. “But now you need to know about it, because you’re going to be selling to Samalkot, India,” he said.
“And that new business halfway around the world is going to help support more than 1,200 manufacturing jobs and more than 400 engineering jobs right here in this community — because of that sale,” the US President said. — PTI
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.