Tamil Nadu Chief Minister M.Ok. Stalin throughout a dialogue with executives from Ford Motors in the US earlier this week
| Photograph Credit score: X/@mkstalin
Three years after exiting Tamil Nadu, Ford Motors has now expressed curiosity to restart manufacturing at its Chennai plant. The corporate has submitted a Letter of Intent (LOI) to the State authorities, outlining its intention to utilise the plant.
Kay Hart, President, Worldwide Markets Group, Ford Motor Firm, in a LinkedIn submit, wrote: “I’m happy to share that at present we’re asserting that now we have submitted a Letter of Intent (LOI) to the Authorities of Tamil Nadu in India, outlining Ford’s intention to make the most of our Chennai plant for manufacturing for export.”
She additional wrote that the choice follows a number of conferences with the Tamil Nadu authorities, together with one earlier this week with Chief Minister M.Ok. Stalin as a part of his go to to the US.
“We respect their ongoing help as now we have explored completely different choices for the plant. This step underscores our ongoing dedication to India as we intend to leverage the manufacturing experience accessible in Tamil Nadu to serve new world markets,” she wrote.
“I do know folks will likely be curious, however we could have extra to share about the kind of manufacturing and which export markets we’ll be specializing in, together with different particulars, sooner or later,” she stated.
“For proper now, I’m excited that this choice will add to our rising worker base in Chennai; our world Ford Enterprise Options group primarily based there may be already greater than 12,000 sturdy and we’re planning to extend that by one other 2,500 to three,000 group members within the subsequent few years. While you add that with our engine manufacturing group in Sanand and our ongoing buyer and vendor help group, India is Ford’s second-largest worker base worldwide,” she famous.
Earlier this week, Mr. Stalin met the Ford team in the US. Publish the assembly, he posted a message on X (previously Twitter) saying: “Had a really participating dialogue with the group from Ford Motors. Explored the feasibility of renewing Ford’s three-decade partnership with Tamil Nadu, to once more make in Tamil Nadu for the world.”
In 2021, Ford determined to wind down its engine and car assembling plant at Maraimalai Nagar close to Chennai by the second quarter of 2022. At that time, the Chennai plant had around 2,600 employees.
Printed – September 13, 2024 01:59 pm IST
