Indian market becomes next target for GE Healthcare, plans to invest $50 million

BANGALORE: GE Healthcare recently issued a statement declaring its plan of action for its business in India. The company has decided to invest an estimated amount of $50 million in Indian market in a time span of three years to develop diagnostic imaging products at affordable prices.

The company, which is a division of GE under healthcare segment, is looking forward to start with procuring around 9-10 equipments to cater specifically to Indian market including baby warmers, CT systems, biological diagnostics as well as molecular imaging systems at an effective affordable price range.

The technology of biological diagnostics would help serve the dual purpose with imbibing functional scanning along with biological tracers to help doctors to treat the problems in a lesser span of time for a number of methods including blood-based scanning, pathology tests, as well as DNA-tests. In addition, the company is also planning to employ another set of 1000 engineers for its Indian market in the coming few years in order to maintain its current growth speed of 30 percent.