Ford announces new $1 billion plant in India

Jul 28, 2011 |

New Delhi

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US auto giant Ford said on Thursday it would invest $1 billion to build a vehicle assembly and engine plant in India as it ramps up production to exploit the country's burgeoning car market.

The new factory in the western state of Gujarat will employ around 5,000 workers and will be Ford's second in India, Michael Boneham, Ford's president in India, told reporters in a conference call.

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