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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1015)	3/3/2000 8:36:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 1471

OT GE plans Bangalore base; R&D centre to recruit 1500 engineers, scientists Our Corporate Bureau in New Delhi General Electric Company, the global giant with over $10 billion earnings recorded last year, has decided to make India a base for its research and development operations centre. Located in Bangalore, the R&D operations centre of GE will, over the next two years, have a total manpower strength of 1,500. This will comprise top-class engineers and scientists from the best engineering and science institutes in India. Already, 150 such engineers have been recruited for the centre at Bangalore. The significance of the R&D centre in Bangalore lies in the fact that this will be the only other centre of this size and importance outside the US. And the one in Connecticut has 1,300 researchers, while the Bangalore centre will have 1,500 people working for GE's global research. "GE will use the Bangalore centre for providing research support to different GE operations in the various countries and even back home in the US," said Keith L S Sherin, chief financial officer and senior vice-president (finance) of General Electric Company, in an exclusive interview with Business Standard. Sherin was in India for a short visit to make an assessment of the progress made by the R&D centre in Bangalore and other existing businesses of the GE group. Describing GE's decision to set up the R&D centre in Bangalore as the group' recognition of the abundant engineering and scientific talent available in India, Sherin said the Bangalore unit would be a high quality and high skills operation, capable of providing support to GE's restigious Connecticut centre. "There are major advantages in locating the centre in Bangalore with technical expertise and university talents available in that part of the country," Sherin said. *Sherin said the quality of people recruited in the Bangalore centre and other GE operations in India matched the stiff "Six Sigma"* standards of virtually zero level of defect in any operation. "GE believes in meritocracy and these people will continue to grow in the company, given their skills level. We have got world class products and we will like to offer world class services through such people," he said. GE capital information services was another area of the GE group business in India, which was on a major recruitment spree. "This division is recruiting 200 people every month,"** Sherin said. GE capital information services provides support services to a range of customers of GE?s global operations. The division is based in Gurgaon. Sherin said the GE group was looking at the Internet as an opportunity for re-engineering its businesses. But the traditional "old economy" businesses of the group continued to grow at a rapid pace, much ahead of the rate at which the industry was growing, he said. Sherin did not see the political leadership in India as a problem in growing its businesses in the country. Infrastructure, of course, had scope for further improvement, he admitted. GE would also like to expand its operations in Hyderabad. The next agenda for GE is to see its operations grow in Hyderabad, particularly in its medical businesses. "When I come back to India after 18 months, I would like to see Bangalore bustling with work and Hyderabad ready for growth," Sherin said. -Business Standard