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Ford to build $1 billion plant, create 5,000 jobs in India

Posted By aaron On September 6, 2011 @ 12:38 pm In Hot News,Old Infowars Posts Style | Comments Disabled

AFP
September 6, 2011

US auto giant Ford has started construction on a $1 billion manufacturing and engineering complex in India as it bets on the country to help drive global growth, a company statement said on Tuesday.

The new manufacturing facilities in Sanand in the western state of Gujarat will create 5,000 jobs, and will be able initially to produce 240,000 vehicles and 270,000 engines a year, Ford said.

The first vehicles and engines are due to come off the line in 2014.

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