GE sets sight on India’s Software Potential: Plans to hire 1000 more
Date : 8th October '2004
The $370 billion global BPO giant continues to speculate on India’s software development capabilities and plans to increase BPO related activity from the country. According to GE India President and CEO Scott Bayman, the renowned group will add another 1,000 personnel this year to its various businesses in the country and increase activity in operational or ‘ready-to-serve’ software to run products manufactured by various group companies.
GE India, whose revenues are reportedly upwards of $1bn, employs over 22,000 people in the country, out of which about 13,000 people are employed in IT-enabled services. Giving the phase of Rapid devlopment a new meaning, GE will probably be doing more software development work in India next year than it did this year, Mr. Bayman informed. Going to the extent, The Global BPO Giant will also be increasing activity where global development centres are concerned. “There is still much more that we can do there,” he added. “There are a number of businesses that we own here that are part of our technology team that do what I call ready-to-serve software to operate products. That kind of activity will increase here,” Mr. Bayman said.
General Electric (NYSE: GE), a pioneer in BPO services in India, plans to concentrate its financial energy on its giant BPO operations overseas setting a price tag of as much as US$1 billion. It is being said that the BPO Giant GE is in talks to sell all or part of GE Capital International Services (GECIS), a division it started in 1993 in Delhi as part of GE Capital. Reportedly, US firms Texas Pacific Group and Warburg Pincus are the top contenders to take over the BPO Giant. The GE Capital division employs 17,000 people, with 12,000 at four centers in India and another 5,000 at operations in Hungary, Mexico and China, it said.
General Electric (NYSE: GE), a pioneer in BPO services in India, plans to concentrate its financial energy on its giant BPO operations overseas setting a price tag of as much as US$1 billion. It is being said that the BPO Giant GE is in talks to sell all or part of GE Capital International Services (GECIS), a division it started in 1993 in Delhi as part of GE Capital. Reportedly, US firms Texas Pacific Group and Warburg Pincus are the top contenders to take over the BPO Giant. The GE Capital division employs 17,000 people, with 12,000 at four centers in India and another 5,000 at operations in Hungary, Mexico and China, it said.
Priyanka.S.
