India a Great Place to Invest: General Electric CEO Immelt
New York: General Electric chief executive Jeffrey Immelt described India as a great place to invest and that the US conglomerate is looking to make more investments in the country after he met with Prime Minister Narendra Modi on Monday.
Describing his one-on-one meeting with the Prime Minister as "excellent", Mr Immelt said, "GE is a long-term investor in India. We look forward to more in the future."
The GE chief also had high praise for Mr Modi whom he described as a Prime Minister with "good head set for business" and expressed hope that he would continue to "drive the reform process".
The Prime Minister pitched the India story in his interaction with Mr Immelt and discussed steps that can be taken to enhance country's business environment.
Impressed with the meeting, Mr Immelt said, "India is a great country and place to invest."
Earlier on Monday, the Prime Minister also had one-on-one meetings with CEOs of Boeing, KKR, BlackRock, IBM and Goldman Sachs and is believed to have pitched for big-ticket investments in India to develop infrastructure and create more jobs.
GE has a significant presence in India across many sectors and employs thousands of people.
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