The network of 30,000 technologists working across GE now have more elbow room to find the next high-tech breakthrough. Our technology development arm, GE Global Research, just announced the opening of its newest research space — a 350,000 sq. ft. building at its technology campus in Bangalore, India. The new facility, which will house nearly 2,000 researchers, adds to expansions at the group’s headquarters in upstate New York, the addition of a new center in Munich and further expansion of research operations in Shanghai.
Over the past seven years, GE’s annual research and development expenditures for projects in areas such as power generation, renewable energy, biosciences and healthcare have nearly doubled from $2.3 billion to $4.3 billion. As part of GE’s ecomagination initiative, the company is doubling its level of investment in clean technologies from $700 million in 2005 to more than $1.5 billion by 2010. And since 2001, GE has made capital investments totaling $330 million to expand its four global research centers — and grown employment at out Niskayuna, NY, facility 15 percent in the same period.