GURGAON, June 11, 2012: GE Lighting, a division of GE, today announced the launch of its 'Luminate India' campaign, an initiative to showcase GE's portfolio of LED products and spread the message of energy efficiency and environmental friendly lighting. GE's LED products provide higher efficiency, reliability, easy maintenance, modern futuristic design and pleasing aesthetics for customers. The multi city campaign was flagged off by John Flannery, President & CEO, GE India, in DLF Cyber City, Gurgaon today.
Announces investment of over INR 300 crores to expand research & development & engineering design in critical infrastructure areas of healthcare, energy and transportation
BANGALORE, INDIA, June 7th, 2012: GE India today announced an investment of over INR 300 crores towards setting up of new Research & Development Labs and other expansion activities at its technology center -- GE's India Technology Center - in Bangalore. GE India announced this investment on the sidelines of the Global Investors Meet, 2012 organized by the Government of Karnataka.
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GE announced first-quarter 2012 Operating Earnings of $3.6 billion, or $0.34 per share, up 1% and 3% respectively from the first-quarter of 2011.
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GE announced fourth-quarter 2011 Operating Earnings of $4.1 billion, or $0.39 per share, up 6% and 11% respectively from the fourth-quarter of 2010. Revenues were $38.0 billion for the quarter and $147.3 billion for the year. Record Infrastructure orders of $28.6 billion in the fourth quarter enabled GE to end the year with a backlog of $200 billion, the largest in its history.
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- A positive perspective on Innovation with 92 percent respondents believing that local context for innovation in India has improved in the last 5 years
- Human capital, IP protection and long-term investment emerge as top enablers
- Energy, Healthcare & Telecommunication emerge as the three top sectors in India with the highest innovation driven growth potential