Ford announces new plant in Sanand, Gujarat

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 US auto giant Ford said on Thursday it would invest $1 billion to build a vehicle assembly and engine plant in India as it ramps up production to exploit the country's burgeoning car market.
The new factory in Gujarat will employ around 5,000 workers and will be Ford's second in India, Michael Boneham, Ford's president in India, told reporters in a conference call. Ford's existing manufacturing facility is located in Chennai.
The Gujarat government will allocate 400 acres to Ford Motors. The facility will come up near Tata Nano's mother plant in Sanand, located 40 kms from Ahmedabad.
[Source:economictimes.indiatimes.com]

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