GE to Spend $5B in Emerging Markets

General Electric Co. said Tuesday it plans to grow its energy financial services business by investing $5 billion through 2010 to meet emerging markets' surging demand.

The amount represents nearly a quarter of GE Energy Financial Services' planned spending, compared with a historical level of 10 percent.

GE plans to use developing countries' rapidly growing energy and infrastructure demand to boost international revenue. To reach that goal, GE Energy Financial Services has opened offices in Southeast Asia and the Middle East and expanded in India.

Read Full Article from Houston Chronicle

- Posted: 2008-03-11 10:38:45

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