GE Healthcare eyes $1 bn sales from S Asia in 5 yrs

GE Healthcare, a unit of General Electric Company, is eyeing $1 billion sales from the South Asian market over the next five years, a top company official said.

The company's sales in the region at present stand at $260 million, while exports are 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 here today.

He said the company is 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.

The company had recently announced that it is planning to invest $15 million in the country to design, develop and manufacture PET/CT molecular imaging system.

Raja said that it would be concentrating more on the production of equipment for oncology and cardiology in the coming years.

The MR Guided Focused Ultrasound treatment facility provided by the GE Healthcare was introduced in India at Jaslok Hospital in Mumbai.