India growth engine of Asia: General Electric's chairman Jeff Immelt

NEW DELHI: With plans for more investments in line with the 'Make In India' initiative, US conglomerate General Electric's chairman Jeff Immelt is headed for India later this month.

Describing India as a "growth engine for Asia", Immelt said there is huge manufacturing potential in the country.

GE, which has diverse business interests spanning manufacturing to healthcare, is keen to bolster its partnership with India and wants to be part of efforts to make the country a global manufacturing destination.

"India is a growth engine for Asia, and we see huge potential for the country in the manufacturing space," Immelt said in a statement.

"Infrastructure is a key driver of India's growth. We are keen to invest much more in India and in projects to boost its infrastructure in sectors such as rail, power and healthcare. These efforts will have a ripple effect on the overall economic growth in India and beyond," he said.

GE has doubled its investment in the country over the last five years and the group is ensuring that investments and jobs created in India support the 'Make in India' initiative, the statement said.