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GE Healthcare hopes to double revenues

Our Bureau

New Delhi , March 13

Global healthcare equipments major GE is targeting to double its revenues from its South Asia operations to $800 million in the next three years.

"We are looking at doubling the revenues of GE Healthcare Technologies from South Asia. About 90-95 per cent of the revenues come from India and the expected growth is likely to follow the existing trend," CEO of GE Healthcare Technologies in South Asia (GEHTSA) Mr V. Raja told reporters here on Monday.

The company would focus on making "need-based investments in India in manpower, manufacturing and technology, which could run into few millions or even more," Mr Raja said, on the sidelines of a conference to announce the installation of its next-generation scanner, the `LightSpeed Volume CT system' at Batra hospital in the Capital.

The scanner, Mr Raja said was GE's third CT scanner in the country and first in north India. It non-invasively allows physicians to capture images of the heart in less than five seconds. The scanner priced, at Rs 5.5 crore, is currently being imported from the US. It hopes to install 10 such scanners in the country, by June this year.

The company also plans to increase its headcount in India. "We already have around 2,000 employees in India, who form about 40 per cent of the company's global engineering and technology expertise, and would be employing about 10 per cent more this year," Mr Raja said.

It is, however, not planning to make India a manufacturing hub — at least not in the immediate future.

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