GE to set up plant in India; hire 3,000 techies

[ChromeFoundry]

Source: The Economic Times of India

16 Sep, 2010, 04.04PM IST,PTI

BANGALORE: General Electric plans to set up a new manufacturing plant at a potential investment of up to $50 million in India, where it also intends to hire 3,000 people for its technology centre here, senior company officials said today.

The President and CEO of GE India, John L Flannery, said the company expects to finalise the location by the end of this year and start construction next year, adding that several of its businesses in India would share this proposed facility.

"... Between $10 million and $50 million," he told reporters when asked about the investment for the plant, which is planned to manufacture products from across its businesses.

The Vice-President and Managing Director of the GE India Technology Centre, Sanjay M Correa, said GE also is keen to hire 3,000 people for its India Technology Centre, which currently has a 5,000-strong workforce, in the next three years.



Read more: http://economictimes.indiatimes.com/news/news-by-industry/jobs/GE-to-set-up-plant-in-India-hire-3000-techies/articleshow/6565911.cms

[peacetalksforall]

1. I will never ever buy one thing from GE- I will go without light to avoid buying even one light bulb

[emilyg]

2. Count me in.

[JI7]

4. including boycotting NBC and related channels ?

[Turborama]

8. The only way to impact NBC & related channels would be to boycott anyone who advertises on there

Stopping watching them wouldn't have any impact, apart from not being able to watch Keith, Rachel et al.

[BlueJazz]

3. Sons-a-bitches

[peace frog]

5. Well, isn't that special

NOT. :evilfrown:

[alcibiades_mystery]

6. GE, we bring good things to

India.

[nevergiveup]

7. Correct me if I am wrong

but I believe GE was the first major US company to start outsourcing call centers to India back when Jack Welch was CEO.

[Bette Noir]

9. Damn. I'd bet they could find 3,000 unemployed techies in Los Angeles,

My husband among them.

And here we just bought new GE kitchen appliances this week.

[Skittles]

10. cheap shore

[OhioChick]

11. That it is n/t

[Hawkowl]

12. Using tax cuts for investment!

In India! Fuck the GODDAMN TAX CUTS ALREADY. GE and the other warmongering corps all need a minimum corporate tax, say 40%.

[chimpymustgo]

18. Crazy. Why aren't we using the tax code to fix this eonomy and restore jobs?

[carincross]

13. GE also looks at Brazil

The end of the article notes that GE is also looking at building a tech center in Brazil. Paul Craig Roberts said that we could blame the current "great depression" on the outsourcing of jobs by US companies. http://www.informationclearinghouse.info/article26279.htm

[golfguru]

14. GE CEO & Obama are good friends

SO may be Obama can talk the CEO out of exporting good jobs.

[bossy22]

15. it depends

what are they making there and who is it for? If they are making goods too be sold in india- then i can't blame them for setting up shop near the market

[johnroshan]

16. Don't bother...

Just go along with the flow, will ya?

Now chant with me : "Rat bastards are stealing our jobs!"

:sarcasm:

[ihavenobias]

19. We don't blame the individual workers, rather, the system and the people running the corporations.

There's a huge difference. I assume (I apologize in advance if this is incorrect) you're suggesting people who are concerned/angry about outsourcing are mad at the people. That might be true for many on the right, but in my experience that's generally not the case on the left.

Because again, we realize it's about terrible trade policy and greedy execs, not people looking for work in other countries.

[johnroshan]

20. Thank you.

but, many on the left are also angry at people who are just looking for work. Maybe you haven't seen the threads where a lot of people showed explicit hate towards the H1B workers rather than their own corporations who made this system. In one instance, someone called the workers "scabs". It is extremely discouraging to hear it from a supposedly "progressive" group.

Anyways, as bossy22 said. I think it depends on where the products are going to be sold. If it caters to the Indian market, its only fair that they want to place the factory in India.

[hayu_lol]

17. Time to bring this overseas investment to a halt...

short of destruction and mayhem(for right now at least), anything else we could do to counter this that hasn't already failed several times?

[tammywammy]

23. GE is making a play into the nuclear power in India n/t

[cynzke]

21. Restore America Folks????

Bet you won't hear a peep out of the teabaggers and repugs about this. How can we expect any President, Democrat or Republican, to create new jobs when corporations are allowed to send manufacturing overseas. I live in Georgia, where we use to be one of the largest manufacturers of cotton products. Now travel to Macon, Griffin, Thomasten and West Point/La Grange and you will see HUGE (and I mean huge) shut down plants. You can't create new jobs out of thin air. The US is giving economic aid to Pakistan to bolster carpet manufacturing there. Meanwhile, up in Northern Georgia, the major US carpet makers are cutting back on production and laying our workers off. How about restoring America's industrial/manufactering structure and restoring the middle class.

[Yavin4]

22. The Dis-Enfranchisement of American Labor Continues

Welcome to the deflation era!

[wordpix]

24. no problem watching their stock price plummet as the public reacts