GE to invest $6 billion in healthcare globally

California-based General Electric (GE) today said it would invest $6 billion globally in the next 10 years in healthcare services, including low-cost medical equipment.

"We will be investing $6 billion across the globe on healthcare sector primarily aimed at to reduce cost and improve quality of healthcare services," GE President and CEO (India, Bangladesh and Sri Lanka) Tejpreet Singh Chopra told reporters here on the sidelines of CII programme.

However, he refused to divulge the part of investment to be made in India out of total projected investment.

"Of total investment, $2 billion will be for rural health financing and $1 billion on awareness of quality healthcare services," he said.

Asked about the status of GE Money in the wake of global downturn, he said that the company was now refocusing on other products like aircraft financing, power infrastructure lending, etc.

In India, GE is engaged in a wide range of services, manufacturing and technology businesses.