General Electric Corporation (GE) and Oil and Natural Gas Corporation (ONGC) are exploring opportunities for mutual business cooperation based on respective competence and technological strengths. GE Chairman Jeffrey Immelt, who is on a visit to India, met the ONGC Chairman Subir Raha to discuss opportunities for mutual business cooperation, ONGC officials said here today. In a wide ranging discussion, the head of both the companies interacted on business environment and strategic issues relating to potential areas of cooperation based on individual strengths. The meeting was preliminary and discussed about areas of cooperation in various fields, they said. Oil and gas is new business for GE in addition to their traditional lead portfolios of power, plastics, appliances, medical business, they said.
