GE Healthcare India expects its revenue to touch $1 billion in 3-4 years

GE Healthcare India expects its revenue to touch $1 billion in 3-4 yearsGE Healthcare, the healthcare arm of U. S.-based corporate giant General Electric Co, aims to increase its revenues from India from current $570 million to $1 billion in the coming 3-4 years.

Ashutosh Banerjee, director of life care solutions for South Asia business of GE Healthcare, said that the company would roll out 100 new products to meet the unmet healthcare needs in the country, which would in turn drive the company's growth.

Speaking on the topic, Banerjee said, "We are targeting a year-on-year growth of 15-20% in India. And, this growth will be primarily driven by our plans of rolling out 100 new products to address the unmet healthcare needs in India over the next two to three years."

GE Healthcare has plans to launch the new products in diverse categories, such as magnetic resonance imaging (MRI), cath labs, cardiology, respiratory, patient-monitoring life sciences and medical diagnostics equipment.

GE Healthcare launches nearly 10 products per year; and so far, it has launched 25 products across various categories.

Banerjee was speaking on occasion of the global launch of the company's new suite of warmer devices. He said the new range would be 20-40 per cent cheaper than its predecessor Lullaby Warmer, which costs Rs 1.35 lakh apiece.

GE Healthcare's 50-acre research & development (R&D) centre GE John F Welch Technology Centre in Bangalore has a workforce of more than 4,500 people. It was set up with an investment of $200 million. Thus far, the company has invested nearly $700 million in India.