GE plans to be a one-stop shop for developing countries

[dArKeR]

Last month, government honchos from Vietnam called on David L. Calhoun, who runs General Electric's brand new infrastructure unit. They huddled in a room at Manhattan's Waldorf-Astoria to go over a fairly formidable shopping list. The delegation left without placing an order, but Calhoun said, "I'm pretty sure we're going to get a near-term hit in airplanes, and a longer-term hit in energy."

Jeffrey R. Immelt, GE's chief executive, is clearly counting on him to get multiple hits, and from multiple countries. For the first time, GE has rolled aircraft engines, rail products, water, energy, oil and gas equipment, and even some finance units, into one all-encompassing collection of businesses, aimed at helping developing countries come of age.

"One of the biggest reasons behind creating the infrastructure unit is to offer one-stop shopping to developing countries," Calhoun said.

http://www.taipeitimes.com/News/bizfocus/archives/2005/07/17/2003263916

I wonder how a foreign local company could compete with American type monopolies?