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tdp2664 E money daily General Electric (NYSE:GE) has announced a $200 million multi-product plant for Pune, India. General Electric (NYSE:GE) Announces India Plant The US based company General Electric (NYSE:GE) has announced that they plan to build a $200 million multi-product plant in Pune, India, part of the company's strategy to localize production while expanding in the Indian market space by 20-30 percent over the next year. Jeffrey R. Immelt, General Electric (NYSE:GE) chairman, said that, "Our new integrated manufacturing facility is coming up near Pune on a 68-acre plot for making a wide portfolio of products for the Indian market. The company says 2,000 jobs will be created and the facility will begin with 450,000 square feet that can be expanded up to 1 million square feet if needed." General Electric Co. (NYSE:GE) stocks were at 16.23 at the end of the last day’s trading. There’s been a -11.3% change in the stock price over the past 3 months. General Electric Co. (NYSE:GE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.75 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.83 Zack’s Rank: 20 out of 26 in the industry
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