05-26-2005, 09:35 PM
<b>General Electric chief executive betting on India for long-term growth</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"We have had a great run in India and it has changed over time. This is the right time to invest in the market," Jeffrey Immelt, 49, chief executive and chairman of GE, told a meeting of industrialists.
"In the past, anytime we invested in the people of India, we made a lot of money and anytime we invested in the market of India, we lost. We now need to be as bold on the market side," Immelt said.
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"We have had a great run in India and it has changed over time. This is the right time to invest in the market," Jeffrey Immelt, 49, chief executive and chairman of GE, told a meeting of industrialists.
"In the past, anytime we invested in the people of India, we made a lot of money and anytime we invested in the market of India, we lost. We now need to be as bold on the market side," Immelt said.
<!--QuoteEnd--><!--QuoteEEnd-->