Bangkok: World's biggest maker of jet engines, General Electric Co, says it plans to double the purchase of engine parts from China and India.
``We have a goal to double our component buying power in China,'' Chaker Chahrour, the head of GE Aviation's Asian operations, said in a June 28 interview on the sidelines of the Star Alliance Asia Forum in Bangkok. ``Labour rates in Asia tend to be in the neighborhood of 60 per cent of what they are in the Western world.''
General Electric decided last year to target $10 billion of purchases from China and $8 billion from India in 2010, said Chahrour. He pointed out that many low-technology structural engine components are produced in Asia.