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Fords has inaugurated its second plant in India at Sanand in Gujarat today with USD 1 billion. The American auto giant is aiming at tripling its exports from India in the next five years. The plant makes the company to double its production.
Gujarat Chief Minister Anandiben Patel inaugurated the plant and said that the new plant has given employment to over 4,000 people directly and another 2,000 from allied units around the venture.
"With manufacturing facilities in Chennai and Sanand, we expect to triple our exports from India in the next five years," Ford Motor President and CEO Mark Fields told reporters. From Chennai plant the company is exporting around 60,000 to 70,000 units annually to more than 35 global markets, and expecting a total of 50 export marks from two plants now.
"The plant has an installed capacity of 2.4 lakh vehicles and 2.7 lakh engines annually. Ford India will now have a total installed capacity of rolling out 4.4 lakh vehicles and 6.1 lakh engines every year," he added.
Ford India President and Managing Director Nigel Harris said the plant is a major step for the company to become a major manufacturer of high quality small cars for local and global markets.
"The new plant will not only help us grow business in India but would also help to make India as an export hub," he added.
The plant has been setup with new age of innovation and safety precautions. The establishment can encourage other international players to start ventures in India.
-Kannamsai
