Washington, DC, December 10, 2007 -- The U.S.-India Business Council (USIBC) is pleased to announce the appointment of Tejpreet Singh Chopra, President and Chief Executive Officer of GE India, to its Board of Directors.
The U.S.-India Business Council is the premier business advocacy organization representing 260 of the largest U.S. companies investing in India, joined by two dozen of India's largest global companies. USIBC's mandate is to strengthen U.S.-India commercial ties.
GE (NYSE: GE) is a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
"I am pleased to announce the appointment of Tejpreet Chopra to the USIBC Board of Directors, and I am confident that his leadership and in-country presence will enable us as an organization to more effectively facilitate and support the dynamic 'two-way' nature of the U.S.-India relationship emerging between our countries and companies. GEIndia's close association with USIBC, coupled with GE's positive experience in India, will serve as a powerful beacon that will attract the best technologies and best practices to India," said USIBC's Chairman, Charles "Chip" Kaye.
Mr. Chopra said of his appointment, "We, at GE, are committed to being a growth partner to India by leveraging our diverse set of businesses to help the country meet some of its priorities and contribute to India's economic development. I am truly excited to be serving on the USIBC Board, where I can offer GE's experience of doing business in India, while helping shape the strategic course of USIBC."
Tejpreet Singh Chopra took the position of President & CEO, GE India in June 2007, and is responsible for directing GE's strategies for growth in the country. Having held various business roles in France, England, Hong Kong, India and USA, Mr. Chopra brings considerable management and global finance experience to this position.
Prior to assuming his current role, Mr. Chopra served as the President & CEO of GE Commercial Finance in India, where he successfully restructured and expanded the business thereby establishing GE Commercial Finance as one of the premier financial institutions in India. A ten-year GE veteran, Tejpreet Singh Chopra has held positions in marketing, structured finance and risk management, in Stamford and Hong Kong for GE Commercial Aviation Services (GECAS).
Mr. Chopra is a member of the National Council of the Confederation of Indian Industry (CII), and on the National Executive Board of the American Chamber of Commerce in India (AMCHAM).
GE is made up of a broad range of primary business units, each with its own number of divisions. In July 2005, GE announced a reorganization of its businesses into six industry-focused groups: GE Infrastructure; GE Commercial Financial Services; GE Industrial; NBC Universal; GE Healthcare; and GE Consumer Finance.
Today, all of GE's global businesses have a presence in India. The Company participates in a wide range of manufacturing, services and technology businesses in the country. GE's revenues in India are approximately $2.8 billion. It exports over $1 billion in products and services and its employment across India exceeds 14,500. GE established activities on the Indian subcontinent as early as 1902 in its equipment supply to the firstever hydroelectric project in South Asia known as Sivasamudram on the Cauvery River near Mysore.
The U.S.-India Business Council (USIBC), formed in 1975 at the request of the Government of India and the U.S. Government to advance commercial ties between the world's two largest free-market democracies, is hosted under the aegis of the U.S. Chamber of Commerce. The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region. The U.S.-India Business Council celebrates its 33rd Anniversary at the U.S. Chamber of Commerce on June 12, 2008 in Washington, D.C.
For more information please visit www.ge.com and www.usibc.com.
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