Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Industry News

| More

India continues to be a strategic global sourcing and supply chain hub for GE

Posted On: 2016-03-17 19:44:51

Reiterating its commitment to partner India in developing a robust and sustainable supply chain ecosystem, GE organized its 4th Supplier's Conference in Pune inviting more than 500 strategic suppliers of the company in India. In line with the 'Make in India' initiative, GE has been at the forefront by making India a global sourcing hub. GE's current scale of sourcing and manufacturing from India is close to USD 2.3 billion annually, of which 50% of the products sourced in India are for GE's global supply chain. The annual GE Supplier's Conference is among biggest supplier meets in India where suppliers of GE supporting both India and global businesses get together to discuss the way forward growth strategy and share experiences with GE global leadership. This year, the experts in the conference also discussed the importance of preparing the supply chain for Industry 4.0 and strengthening the India supply chain to meet global needs.

GE has been developing a supplier network to support its manufacturing activities for a number of its businesses such as aviation, transportation, renewables, healthcare, oil & gas and power. The company has been fostering localization by driving 'In Country For Country' approach. GE has ensured at least 50% local content in all the products manufactured by GE in India, thus presenting a huge business opportunity. Such a business strategy has also improved the cost efficiencies with shorter lead time for GE customers.

Addressing the conference, Banmali Agrawala, President & CEO, GE South Asia said, "India has been a growth driver for sourcing and supply chain for GE over the last five years and we are confident of seeing the trend continue. With the multi-modal manufacturing facility in Pune, which is one of GE's top manufacturing facilities globally, we are looking ahead to implement lean and digital connect for all manufacturing processes across sectors in which GE is present today."

Sharing his perspective, Amit Kumar, Director, Global Supply Chain, GE South Asia said "This conference serves as a key platform to share global and local sourcing strategies with Indian suppliers as well as conveying GE's compliance and integrity benchmarks. India possesses an advantage in terms of scale and potential that can be leveraged for an industrial company like ours to grow further in the area of supply chain and manufacturing".


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

'All Weather Investing' - asset allocation with ETFs launched on smallcase.com

NPCI organises digital training workshops at 50 plus educational institutes on teacher's day

AVIVA launches Online Will Writing Service to Promote Financial Literacy

Chrysalis raises funding from Social Impact Investors Menterra and Artha

ICAI invites comments on Valuation Standards

Maharashtra New DP plan 2034 notification - Mr. Niranjan Hiranandani, President NAREDCO

Sterlite Power's OPGW facility receives 17025:2005 accreditation by NABL

Amazon.in adds 6 new fulfilment centers for Large Appliances and Furniture

Asset Management Firm Samvitti Capital launches new Alternative Investment Fund

ICAI committed to conclude the disciplinary process against those found involved in the PNB scam

Fintech startup BuyForexOnline looks to raise $2m for its next phase of growth

Wipro Consumer Care and Lighting forays into home automation space

Catholic Syrian Bank announces proposed investment by Fairfax India

KIFS Tade capital launches interactive Chatbot service #AskSubbu

Moneycontrol becomes India's first financial platform to launch a dedicated section on Cryptocurrency

DBS Group Chairman Peter Seah conferred Institute of Directors (IOD), India Distinguished Fellowship

Essar concludes sale of Aegis to Capital Square Partners for US $ 300 Million (Approximately Rs.2,000 crore)

ESAF Small Finance Bank kicks off operations in Mumbai

2.0 Audio Launch Sets Benchmark for International Film Events in Dubai

BSE and Ebix Sign MOU to Launch Joint Venture Company

Comments on on 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana' - Power for All

SVC Bank launches hassle-free ASBA facility for IPOs

Flipkart's Big Billion Days To Kick In From September 20

Genpact Acquires Digital Customer Experience Consulting Firm TandemSeven

PAYBACK India Announces Appointment of new CEO

IndiaFirst Life acknowledged with Social Inclusion Award 2017 by Fintelekt

Apollo Munich Launches India's First Travel Insurance Chatbot - 'Travel Ninja'

On its run up to an IPO, ShopClues appoints Deepak Sharma as CFO

Cognizant Opens New Digital Business Collaboratory in London

Morphy Richards appoints J Walter Thompson as their creative agency

edX partners with IL&FS / IFIN to launch learning academy

PAYBACK India wins the Best Loyalty Program 2017 award at CMO Asia 'National Awards for Marketing Excellence'

Hyundai Launches the Most Unique & Global 'Online Buying Experience'- 'HyBuy'

Myntra launches The Game of Thrones collection ahead of the much awaited season 7

DBS Bank Strengthens India franchise on 24% growth in advances and 15% in deposits during FY 2016-17

Apollo Munich Health Insurance ranked as top 'Great place to Work' in Indian Insurance Sector

92.7 BIG FM's New and Refreshed Stationality in Bengaluru, Celebrates Music With 'Sandalwood Jothe Bollywood Blast'

Omega Healthcare inaugurates 4th facility in Trichy

Broadridge Opens Fourth Office in India in Bangalore

Myntra targets 25x sales; 4 lakh new customers during the 6th edition of its flagship - 'End of Reason Sale'!

ARQ Midcap stocks gives its investors' 42.66% return on investments

Now check Train PNR status after booking tickets on Paytm

LANXESS to streamline the chrome value chain of its leather business

BankBazaar android app crosses 1Million downloads

Amazon.in launches 'GST Caf├ęs' to train sellers on GST compliance

Overnite Express looking for franchise to expand all across the country

Salman Khan's Tubelight to be released across 4400 screens in India

Paytm introduces zero cancellation-handling fees for flight tickets

Finvasia introduces Zero brokerage trading - The new age of stock trading arrives

AGS Transact Technologies Limited to implement Automatic Fare Collection system for the Kochi Metro





Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018