GE Finance, the investment arm of GE, is eyeing to fund the Rs 20,000 crore Mumbai Metro project and the western freeway between Worli and Nariman Point sealink as part of its push on infrastructure investments in India.
Tejpreet Chopra, president and CEO of GE Commercial Finance, said, "We are looking at several projects including the western freeway and the Mumbai Metro projects as part of our investment strategy for the Indian infrastructure sector."
Chopra added that GE had also lined up aggressive investment plans for roads, airports, ports and real estate sectors.
The pre-qualification round for the Rs 6192 crore second phase of the Mumbai Metro closes on April 2.
The first phase will be developed by the Anil Ambani owned-Reliance Energy at a cost of Rs 3500 crore. The financial closure for the project is yet to be completed.
The tender for the western freeway is yet to be tendered. Chopra said the $ 8 billion investment target for India announced by Jeffery Inmelt the GE chief on his last visit to India, was likely to be met much before the 2010 deadline.
"The way we are going we will make the $8 billion investments much ahead of schedule."
But he refused to give details of how much the company had invested so far in India.
Among the other sectors that the company is looking at are energy, aviation and healthcare. In the energy sector, GE has lined up deals in wind, solar, hydro, coal and gas sectors besides, captive power generation, while in aviation it is looking at financing corporate jets and helicopters.
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