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Global M&A 2006 by the Numbers:
Private equity firms accounted for 22% of total global M&A volume in the first nine months of the year, hitting a new record of $570.1 billion in deals.
GE Chairman and CEO Jeff Immelt announced a US$250 million investment in infrastructure and healthcare projects in India and said that GE intends to dramatically expand its industrial and financial presence in the country. GE India is targeting $8 billion in revenues and $8 billion in assets in India by 2010. GE India had revenues of about $1.1 billion in 2005.
GE is expecting 60 percent of its revenue to come from outside the United States within a decade, particularly from China and India. GE expected sales in China to double to $10 billion by 2010.