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New Delhi: General Electric Company's Oil & Gas business has signed an agreement with Triveni Engineering and Industries Ltd. to enter the fast growing high speed reciprocating (HSR) compressor market in India. GE offers a full line of high speed reciprocating compressors, ranging from 30 HP (22KW) to 9000 HP (6.7MW), with a variety of piston rod load capacities and frame stroke combinations. Over 10,000 of GE's HSR compressors can be found around the globe, working in gas boosting, gathering, lifting, fueling and injection applications - operating 24 hours a day, seven days a week. GE's agreement with Triveni will consist of an initial term of five years and will involve the import of bare (flange-to-flange) compressors from GE Oil & Gas' Oshkosh, Wisconsin, facility in the US. Triveni will handle the engineering design, manufacturing and assembly of the package and procure drivers and the rest of the components for packaging in India. Triveni will be the customer point of contact in India for both selling of the packaged product and the after-market sales and service. GE's compressors, formerly known by their Gemini brand name, are used across the oil and gas sector. Common applications for these compressors are for wellhead gas gathering, vapour recovery, gas re-injection, gas lift, pipeline gas transmission, gas storage and fuel gas boosting. "Oil & Gas is a big part of India's infrastructure growth," said Pratyush Kumar, president and CEO of GE Infrastructure, India. "Our agreement with Triveni is a key step in our localisation and partnership strategy which will enable us to serve our customers in India, from India." Dhruv M Sawhney, chairman and managing director, said, "We see a buoyant oil and gas market in India in the coming years and we are certain that Triveni, with GE association, will make a mark in this market by providing the world's best technology to the Indian customer. The market for HSRs should be about Rs 5 billion per annum , and in line with our market leadership in our entire existing product lines, we aim to be the leader in this product segment as well." "To sustain India's current growth levels, energy and oil and gas sectors will become even more important in the future. Almost all major Indian and international oil and gas companies are planning extensive investment over the next few years. For example, there will be more than $70 billion of investments in the oil and gas sector alone in India in next five years," said Riccardo Procacci, country manager for GE Oil & Gas in India. "Besides improving our cost competitiveness, partnering with a local player like Triveni will also improve our pre-sale and post-sale customer support and responsiveness ... a win-win for both GE and our customer."
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