Jeff Lmmelt, chairman & CEO of General electric Co has endorsed an investment of $250 million in infrastructure & health care projects in India. GE, the world’s second most valuable company assured an investment of $145 million proceeds from Dabhol power projects as GE India development fund, last year. The announcement made on Tuesday this month has raised the proposed investment by $100 million.

Lmmelt further added that the fund would be invested in health care, cleaner energy aid and aviation.

An expansion of financial services in India & the liberalization in the banking sector in expected by GE.

GE was keen on acquiring a private bank, Lord Krishna bank. The recent announcement predicts a remarkable growth of GE’s market in India as compared to that in China.

While GE expects its China business to double from the present $5b to $10b by 2010, India with a small base of $1.4b business is projected to grow at faster clip to touch $8 by 2010.

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