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GE LIGHTING FORMS JOINT VENTURE IN INDIA

 GE LIGHTING FORMS JOINT VENTURE IN INDIA
 CLEVELAND, Aug. 5 /PRNewswire/ -- GE Lighting and APAR Ltd.,


announced today the establishment of a joint venture in India to manufacture and sell a wide range of lamp products.
 The venture, which has Indian governmental approval, is named GE- APAR Lighting, Ltd. It combines APAR's existing plants for manufacturing incandescent, fluorescent, and high-intensity discharge lamps and its distribution system with GE's global manufacturing/technology skills, full line of lamp products, and regional distribution presence.
 GE and APAR each have a 50 percent equity interest in the venture. The partners plan to invest to introduce new products and increase manufacturing capacity.
 "India's lamp market is rapidly expanding, with annual sales of approximately $200 million, and growing," said John D. Opie, president and CEO, GE Lighting. "This venture provides a superb opportunity to capitalize on regional development and also accelerate GE Lighting's international sales momentum.
 "The GE-APAR strategy is to add capacity and upgrade the range of quality of lamp products for India and that region of the world," said Opie. "For example, GE-APAR will market popular energy-efficient products, including compact fluorescents and halogen lamps. The potential for our venture in this developing marketplace is very exciting."
 APAR Ltd. is a diversified company with several foreign technology collaborations. It has been a manufacturer of lighting products and components since 1974. The company employs 1,200 people at its lighting plants and 14 sales offices. APAR's lamp revenues come from both the consumer and commercial and industrial markets. It is also a major supplier of key components to the Indian lighting industry.
 GE Lighting has recently grown its international lighting business through several major actions since 1989. In 1990, GE purchased 50 percent of Tungsram, the Hungarian lamp manufacturer. GE Lighting has since increased its Tungsram ownership to 75 percent, and Tungsram sales have grown from approximately $300 million in 1989 to $400 million annually. In January 1991, GE Lighting acquired the European lampmaking operation of THORN EMI's lighting business based in the United Kingdom. In the autumn of 1991, GE Lighting introduced more than 2,000 GE-brand commercial and industrial lamp products for the European market.
 -0- 8/5/92
 /CONTACT: John J. Betchkal of GE Lighting, 216-266-8954, or 216-321-4143, after hours/ CO: GE Lighting; APAR Ltd. ST: Ohio IN: SU: JVN


BM -- CL001 -- 6925 08/05/92 08:04 EDT
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Date:Aug 5, 1992
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