Chairman and CEO of General Electric Jeffrey Immelt only provided a remarkable speech on the promise and perils of globalization, several thousand graduates of the elite technology schools in India, the Indian Institute of Technology (IIT), Santa Clara reunion for former event. Let me your blog some of his comments, before I walk around more substance to a story of newspaper Saturday.

“I am here today because I am a big consumer of this product you,” said GE chieftan with laughter and applause. Read notes, but appear willing to facilitate, Immelt said GE employs around 1500 100000 people India were of this institution since its founding in the 1950’s by former Prime Minister Jawaharlal Nehru. “Thirty-five in the top-600 GE, men are graduates of the IIT,” said Immelt.

Setting the stage for his remarks, Immelt said, “Business in the 21st century is really the interface between globalization and technology”, and suggested that success would be for those who find a way to the two major forces Resolve Problems such as energy shortage by Global demand grew hand in hand with environmental problems of global warming.

“If I had to spend a dollar today,” he says, there would be at the meeting to invest, as he called “the economy of scarcity” in energy efficiency by Arena - GE, refrigerators and lights, half of the energy supply Your predecessors - combined with new sources of supply.

“We are investing in the next generation of nuclear power plants,” he said. “This is a place, we want to invest in India.”

Speeches in front of an audience, especially high-tech firms and managers, Immelt discussed the power of the Indian economy, and took a train on the political process. “The economy has now come to a point in India, where the government can not stop,” he declared to applause.

Realizing that the controversy surrounding the increasing integration of the world economy, Immelt said: “I am a globalist,” You are globalists, and then told her “international assistance we can to globalization?” If the real issue.

“If we consider globalization to a vote of 60-40 in the United States would lose,” said Immelt, beifügend in this part of the “disinformation”. But he acknowledged a flip side of the trend. “The bottom 25 percent of the United States has suffered a rich,” he said, which is largely due to the “erosion” of the manufacturing industry in the United States and the loss of good jobs.

Framing the challenge to his audience in India, born leaders, many of whom are placed at the Head of Corporate in the United States, while maintaining strong ties at home, Immelt said: “Impossible, standard of living of Indians develop 100 times, the account should be your goal is not that the standard of living of Americans? “This balance must be struck, he said,” whether the Indian authorities this century. “