GE Healthcare eyes $1-bn sales from S Asia

GE Healthcare, a unit of General Electric Company, is eyeing $1-billion sales in the South Asian market over the next five-years, a top company official said. The company's sales in the region are currently placed at $260-million, while exports stand at $500-million.

"We are targeting a growth of 30 per cent every year. We want to touch the $1-billion mark by 2015 in the domestic market, which includes all the countries in South Asia," GE Healthcare's South Asia, President and CEO, V Raja, told reporters.

He said that the company was also concentrating on increasing its sales in India. "Of the total production of the company, only 10 per cent is sold here. We want to increase it to nearly 50 per cent in the next five-years to offer the best of the medical facilities to patients in this country," Raja said.