Ford confirms USD195 million investment in new Chennai business centre
Indian business center to be Automaker's second-largest center of employment after its Dearborn headquarters in US
Ford of India announced plans for a USD195-million investment into a new global technology and business centre in Chennai, India. In a company statement issued on 8 November, Ford said that the new Global Technology and Business Centre will serve as a "hub for product development, mobility solutions and business services for India and the world." The investment will add 3,000 employees over the next five years, and consolidate 9,000 employees from six existing facilities in Chennai. The 12,000 employees will have 2.5 million square feet of floor space.
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