Replies to post #15066 on The Rising Influence of Rising Affluence

[DewDiligence]

Update on GE story in #msg-132618634:

https://www.wsj.com/articles/in-india-a-big-ge-deal-goes-off-the-rails-1506378906

General Electric Co. is in danger of losing one of its largest industrial contracts after a political shake-up in India, highlighting the risk of the conglomerate’s chase to win business in far-flung markets by investing heavily in local operations.

GE won a $2.5 billion deal in 2015 to sell diesel locomotives to Indian Railways—delivering 1,000 of the machines over 11 years—using a structure the company said would be a model for the future. In exchange for a massive order from one of Asia’s biggest economies, GE would agree to build the locomotives in a remote corner of the Indian countryside, boosting employment and the local economy.

But a new railways minister…stunned GE leaders earlier this month by declaring that India would pull out of the deal and instead seek to transform its massive rail network to use electric locomotives exclusively.