GE sees light in the developing world, by Alex Ritson
Sunday, March 20, 2005
GE is simply seeking opportunities by following new markets, [Ferdinando Beccalli-Falco] says. “Growth in the western world is growth that is somewhat limited. Nowadays, the market is in so-called developing countries. The market is in China, the market is in India, the market is in the Middle East. “We do go where there is a need for infrastructure creation because GE is an infrastructure company. We supply power generating equipment, we supply locomotives, we supply aircraft engines. We even supply consumer credit. All of these are elemental to helping a developing country grow.”
Story available here.
Source: BBC News