Wipro GE to integrate operations
The Indian arm of the $17-billion GE Healthcare is bringing all its remaining stand-alone businesses and manufacturing units under the umbrella of its 19-year joint venture with Wipro Ltd. “The consolidation would lead to more effective management and resource utilisation and help accelerate growth for GE Healthcare through the existing JVs large distribution network,” Jeffrey Immelt, GE’s global CEO, said in New Delhi on Friday.
The consolidation under the JV implies that Wipro GE Healthcare, which currently distributes around 85% of GE Healthcare’s products and solutions in the country, would now be the sole distributor and exclusive vehicle for GE Healthcare’s activities in India.
It would also mean that the three units, GE Healthcare’s Life Sciences, GE Healthcare Medical Diagnostics and GE Healthcare Medical Systems—which manufactures X-ray products
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The consolidation under the JV implies that Wipro GE Healthcare, which currently distributes around 85% of GE Healthcare’s products and solutions in the country, would now be the sole distributor and exclusive vehicle for GE Healthcare’s activities in India.
It would also mean that the three units, GE Healthcare’s Life Sciences, GE Healthcare Medical Diagnostics and GE Healthcare Medical Systems—which manufactures X-ray products
To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com
posted by PressMart Team at
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