GE Oil which is a wing of General Electric is going to tie up with Triveni Engineering of India to produce and market its steam turbines.

According to sources, GE has decided to provide its technology and research and development support to the Indian firm. The Bangalore based facility of the company will be the main hub of GE India's operations.

Both the companies are also looking forward to come up with pubic issues soon. Both the partners will have equal number of members in the board. It has been expected that the Indian firm is keen to hold an extra share in the joint venture.

So far as the revenues are concerned, both partners have estimated that it can be USD 30-50 million per year.

President and Chief Executive Officer of GE India, John Flannery has informed that the company is interested to be listed in India in coming future. But the company will examine the advantages and disadvantages of the listing before going for the same.