Ford Motor's Strategic Return to Tamil Nadu: Export-Driven Future
Ford Motor announced plans to utilize its Chennai manufacturing plant for exporting vehicles. This move aligns with Tamil Nadu's efforts to attract global investments, under Chief Minister M K Stalin. Ford's decision marks a renewed collaboration, enhancing the state's manufacturing reputation and commitment to global markets.
- Country:
- India
American auto major Ford Motor announced on Friday that it is preparing to utilize its Chennai manufacturing plant for the export of vehicles. The company has informed the Tamil Nadu government of its plans.
Minister for TRB Rajaa, currently in the United States with Chief Minister M K Stalin to attract investors, emphasized the success of Stalin's efforts to reposition 'Brand Tamil Nadu.' Rajaa's comments followed Ford's declaration, noting the state government's intense year-long interaction with the company.
Rajaa highlighted the Chief Minister's consistent efforts to showcase Tamil Nadu's manufacturing capabilities and skilled workforce. Recently, Stalin engaged with Ford's senior management to explore renewing their three-decade partnership.
(With inputs from agencies.)
ALSO READ
Australia and China Strengthen Ties with New Trade and Investment Agreements
SpaceX's $1.5 Billion Investment Plan in Vietnam: Navigating Hurdles and Opportunities
Major Stake Acquisition in Prataap Snacks by Authum Investment & Mahi Madhusudan Kela
Authum Investment & Infrastructure to Acquire Major Stake in Prataap Snacks
"Signed MoUs of over Rs 2 Lakh crores investment in state": MP CM Mohan Yadav ahead of Sagar Regional Industry Conclave