Make in India: Ford may invest $785 million in Chennai R&D centre

25-May-2015 #MakeInIndia Source: Economic Times

After investing a billion dollar in a second plant in Sanand, Gujarat, US automobile giant Ford Motor Company plans to invest another $628 to $785 million in an R&D centre in Chennai to increase the product development capability in the country. The official announcement on the Chennai R&D centre is likely to be made in the second half of this year. The centre would be one of the largest R&D bases in the Asia-Pacific region and will offer key inputs for products meant for global markets.

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