Where do you think do the Multinationals look if they want to keep getting those dollars rolled in 24/7. It’s our two favorite nations on everyone’s “hit and hot list”.

To explain further we could talk about General Electric (GE) and its current move:

In China, GE appears to be making headway: The country is now one of the company’s largest foreign markets, with $5.4 billion in revenues last year, a nearly 4 times increase since 2001. GE has 12,000 employees in China and 23 joint ventures with Chinese firms

Presently the entire GE’s global businesses has a presence in India. Its revenues in India are close to US $ 1.7 billion. Employment across India exceeds 13,000.

By 2010, GE hopes its India business to improve to $8 billion - 16 per cent of the projected turnover of $50 billion from the emerging markets. Here is what the GE Chairman and Chief Executive Jeffrey Immelt had to say on the sales prospects in India and China:

“

China is a centrally planned economy where there’s the prospect of large contracts, sold often through government organisations. We’re getting sales of $5bn-6bn a year in China and this is expanding fast. What we need to do in the next few years in China is go in a direction that you might label “downmarket”. By this I mean that at present we get a lot of sales in China by selling large projects such as big medical scanners. In healthcare, we probably sell $800m-$900m of systems such as these in China, along with related healthcare services. But we could probably double the total sales [in healthcare in China] if we had a bigger range of smaller, cheaper products that we could sell more widely. In India, GE’s sales are about half those in China. The economy here is driven by a buoyant entrepreneurial culture. The government doesn’t really add anything, apart from bureaucracy. So in approaching the business of selling there you have to use a different style to doing the same thing in China.”

His comments recently :

“The fastest growing countries for us are the emerging economies including China, India, Russia and Latin America….

Read here to know more on what GE Head has to say.

GE is securing its own light from China and India and so is the rest of the world.  C&I just needs to relax and keep encashing those FDI cheques as the world seems to be taking care of them for in turn securing themselves.

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