GE and Triveni will design, manufacture, supply, sell and service advanced technology steam turbines in India in the above 30 to 100 MW range. It will target the Indian and worldwide markets.
The Joint Venture between GE Oil & Gas, through one if its affiliates, and Triveni Engineering & Industries Limited indicated that GE Triveni Limited will be incorporated in India and headquartered in Bangalore and will manufacture advanced technology steam turbines in India for both domestic customers and export to global markets.
The JV, which will benefit from a full technology transfer and on-going R&D support from GE, will use Triveni's Bangalore facility for turbine manufacturing.
"Our strategic alliance reflects GE's continued commitment to India and strengthens our local market presence through technology transfer, the creation of local employment opportunities and continued investment in skills development and training. The JV also is a great example of the decentralised ‘reverse innovation’ approach that enables GE to rapidly accelerate growth by driving best value innovation outwards from developing countries to global markets," says John Flannery, president and CEO, GE India.
Signing the agreement for GE, Joe Mastrangelo, vice president—turbomachinery, GE Oil & Gas said: "Triveni is a terrific partner for GE, particularly given its cultural fit with GE Oil & Gas, excellent supply-chain and established presence in India. Our high-tech partnership will build on our combined engineering expertise, offering customers worldwide a high quality, optimum efficiency and best-value power generation solution."
"With our manufacturing capabilities as a springboard, GE's world-class engineering, global footprint and brand recognition will be critical to the success of the partnership. I believe this is a big step forward in Triveni's business development plans, and we are immensely proud and privileged that GE has chosen us as its partner," said Dhruv M. Sawhney, chairman and managing director, Triveni Engineering & Industries Ltd.
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