GE to integrate healthcare units in India with Wipro JV

New Delhi, Oct 2 (PTI) Global conglomerate GE on Friday
said all its standalone healthcare business units in India
will be merged into its joint venture with Indian IT giant
Wipro to "accelerate growth" in the country as well as South
Asia.

GE holds 51 per cent stake and the rest is with Wipro in
their joint venture, Wipro GE Healthcare, which distributes
85 per cent of GE's various healthcare and medical diagnostic
products in India.

"The integration will simplify the structure and help us
focus on the Indian market. It will help us in developing new
products for India and in entering more markets," GE Chairman
and Chief Executive Officer Jeffrey R Immelt said here.

Wipro GE Healthcare will now incorporate units like GE
Healthcare Life Sciences, GE Healthcare Medical Diagnostics
and GE Medical Systems India.

Immelt said about 20 per cent of the products sold in
India are manufactured here and in future the company wants
to increase the percentage.

"My view is that over the next 5-10 years, maybe 50-70
per cent of the products sold in India should be developed and
manufactured here and some of them eventually would be
exported as well," he said.

While the Life Sciences and Medical Diagnostics business
units currently distribute GE Healthcare's products outside of
Wipro GE Healthcare, GE Medical Systems India manufactures X-
ray machines and other diagnostic imaging products and
accessories. (More) PTI SR
RAI


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