Sunday, November 7, 2010

'Not since the days of the Pharaohs,' Obama pal GE/NBC Immelt picks up big India deals

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Even before deals announced on current India trip, GE gets record $750 million deal from India for Reliance Power:
11/6, "US President Barack Obama announces $10 billion India deals," BBC

"Some of the deals expected to contribute to this included:...
  • A separate deal with GE worth $500m (£309m) for the sale of six heavy duty gas turbines and three steam turbines to India's Reliance Energy Ltd....
  • The White House said India had identified GE subsidiary GE Transportation, based in Erie, Pennsylvania, and Electro-Motive Diesel, of LaGrange, Illinois, a unit of Caterpillar Inc, as bidders to supply Indian railways with over 1,000 diesel locomotives over 10 years."...
11/6, "Obama's India visit security erect a bomb proof tunnel at the Ghandi Museum," Daily Mail UK

"Probably not since the days of the Pharaohs or the more ludicrous Roman Emperors has a head of state travelled in such
  • pomp and expensive grandeur as the President of the United States of America.
While lesser mortals – the Pope, Queen Elizabeth and so on – are usually happy to let their hosts handle most of the security and transport arrangements when they venture beyond their home shores, the United States creates a mini-America on the move to ensure that nothing is left to chance."...

via Drudge Report

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