Ford Motors has signed an agreement with the Tamil Nadu government for the $500-million expansion programme at its manufacturing facility at Maraimalai Nagar, a city suburb.
As part of its plan to expand its manufacturing facility in Chennai, car manufacturer Ford India has announced that it will hire 1,000 people. The expansion of the manufacturing unit will be completed by next year.
According to a company official, the company has already hired 400 people and the rest will be recruited by next year. On Thursday, the company signed an agreement with the Tamil Nadu government for the expansion by setting up new engine manufacturing units. As a part of its expansion plans, the company would double its vehicle production capacity to two lakh units per year. A new engine production unit with a capacity of 2.5 lakh is also being set up at a total invest cost of $500 million announced early last year.
The agreement was signed by Industries Secretary Farooqui on behalf of the government and Ford Managing Director Michael Boneham before Tamil Nadu Chief Minister M Karunanidhi and U.S. Ambassador Tim Roemer among other officials.
Agencies
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