Ford Invest $ 1billion in India
The new factory in the western state of Gujarat will employ around 5,000 workers.
President of Ford Asia Pacific and Africa, Joe Hinrichs said that, Ford has very aggressive expansion plans in India and in Asia Pacific and Africa.
This new investment in India will be important in realising our growth strategy and this is one of the most dynamic regions in the world, Joe Hinrichs added.
The facility in Sanand, 40 kilometres from Gujarat state main city of Ahmedabad, will have an initial annual capacity of 240,000 vehicles and 270,000 engines.
Ford already has a plant near the southern Tamil Nadu port capital of Chennai, where it manufactures small cars such as the Fiesta as well as the Endeavour sports-utility vehicle.
Ford announce that total investment in India to near about $2 billion. Ford's Chennai plant can assemble up to 200,000 cars a year.
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