GE in Talks to Sell Indian Call Centers

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000544-ge-in-talks-to-sell-indian-call-centers/

General Electric Co., a pioneer in business processing in India, is looking to reap upto $1 billion from the disposal of outsourcing operations in the country, the Wall Street Journal reported in its Asian edition today.

The newspaper, quoting unnamed sources, said that GE was in talks to sell all or part of its outsourcing business, GE Capital Services or GECIS, a division it launched in 1993 in New Delhi as part of its GE Capital unit.

A spokesman for GE Capital Services in New Delhi was not immediately available for comment on the story.

The division employs 17,000 people with 12,000 at four call centres in India and another 5,000 at operations in Hungary, Mexico and China.

With 2003 revenues of $400 million, GCEIS is the largest business processing operation (BPO) in India by a US or European company.

For this complete story, please visit GE in Talks to Sell Indian Call Centers.

GE in Talks to Sell Indian Call Centers

Unknown Author

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