GE Power India, a unit of General Electric, will shut its Maneja manufacturing plant in Gujarat from Monday, a company statement said.
Around 95 percent of workers at the Maneja factoryhave opted for a voluntary retirement scheme, the statement said. The company will continue as a key contributor to the domestic hydro market.
The company will leverage its robust supply chain capabilities from within GE Group and in collaboration with suppliers to serve its customers.
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