GE Healthcare bullish on India

GE Healthcare Technologies on Monday said it is confident of doubling its annual revenues to $800 million in less than three years from its operations based out of Bangalore, a top company executive said on Tuesday.

GE Healthcare Technologies, South Asia, headquartered in Bangalore, covers the territories of India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives.

V Raja, president and CEO of GE Healthcare Technologies, South Asia, said the company's optimism stemmed from among other things, healthcare tourism, the government's aim to double the spending on healthcare and 'disease pattern' that the firm sees in India.

GE Healthcare Technologies is a $12 billion business of GE Healthcare that provides a broad portfolio of medical imaging and information technologies, patient monitoring systems and healthcare services.

GE Healthcare Technologies - South Asia comprises Wipro GE Healthcare (Wipro GE Medical Systems Pvt Ltd), GE Healthcare (GE Medical Systems India Pvt Ltd), GE Healthcare (GE BE Pvt Ltd) and Datex Ohmeda India Pvt Ltd.

Though operations based out of Bangalore contribute about three percentage to the overall global revenues of GE Healthcare Technologies, its 'true value is hidden' in terms of the research and development activities being carried out in Bangalore, Raja said.

The company on Tuesday rolled out a high-frequency x-ray system for the Indian market, designed and developed by engineers of its R&D unit, The John F Welch Technology Centre.