GE Cap mulls investment upto Rs 70 cr in India

By siliconindia   |   Thursday, 12 December 2002, 20:30 IST
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GE Capital International Services is planning to pump in around Rs 35 to 70 crore in the higher-end IT services in the country.

MUMBAI: "The decision of the proposed project is expected to be finalized within the next six months and the company will also employ 500 to 2000 people in the said projects," Pramod Bhasin, CEO of GE Capital International Services, told reporters. Speaking at a seminar on Information Technology Enabled Services (ITES) organised by the Confederation of Indian Industry (CII), Bhasin said that Kolkata, Cochin and Chandigarh were the probable cities where the company was looking forward to invest. "The decision is expected to be finalized within a short period of time," he said. Asked about the reason behind the delay of the finalising the decision, the CEO said they were waiting for the IT market to pick up after the recent recession in the global market. Speaking about the criteria to be followed by the company while selecting the cities to invest in, he said lower cost and availability of infrastructure, human resources and telecom feasibility were the factors, which would be taken into account.