"GE planning a play in Indian airport projects"

Tuesday, October 23, 2007

GE planning a play in airport projects 
By Jyoti Mukul  
India - Mumbai Daily News & Analysis


NEW DELHI - GE India, a 100% subsidiary of GE, the world's second-largest
company by market capitalisation, is mulling a foray into the airport
business in India.

GE is currently present in energy equipment, infrastructure, finance and
healthcare businesses in India. 

Pratyush Kumar, president and chief executive officer, GE India
Infrastructure, told DNA Money: "We are looking at getting into investments
in airport infrastructure." 

The company may tie up with a construction company for aiports. GE already
manufactures airplane engines and security systems.

Airport modernisation in India is likely to attract investments worth Rs
40,000 crore, with the government opening up the airport sector. 

Kumar added that the company would also look at non-metro airports, once the
Airport Authority of India puts a policy into place. 

Besides the modernisation of Chennai and Kolkata airports, the government
plans to develop 35 non-metro airports through the public-private
partnership route.

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