General Electric Company (GE) moves forward with its interest in India and Africa, opening up in emerging markets rapidly
General Electric Company (NYSE:GE) has adopted a rapid expansion plan by moving into emerging markets such as India and Africa. This will help the company to grow immensely in high growth areas.
The company’s expansion plan in Africa will enable it to increase its revenue as well as the headcount at the same time. It will be investing in different segments such as transportation, power and healthcare segment.
General Electric Company, over the past few months has increased its focus over the industrial segment and away from other segments especially the financial segment. With its expansionary motive, the company moved in to Africa to further expand its industrial segment.
The company has also invested in India. India is an emerging market and has great demand. Its interest in Alstom over the period of time will take it a long way up the ladder.
General Electric Company has adapted itself rapidly with modetechnology and with time has conducted restructuring and moved to emerging markets for expansion. Recently, it announced the launch of Predix, the digital software allowing the company to build up the digital industrial ecosystem.
Through the Predix platform, it will also be able to benefit the utility companies by offering them better management of usage and production. In the long run this would lead to great cost savings.