Tamil Nadu Govt Signs Deal To Revive Ford Car Plant

3 months ago

Chennai: Tamil Nadu Industries Minister DRP Rajaa announced the reopening of the Ford Car Company’s plant in Maraimalai Nagar, Chengalpattu district, which had previously closed its operations. The revived factory will see an investment of Rs 3,250 crore and promises direct employment for 600 people.The formal agreement between the American automaker and the Tamil Nadu government took place on Friday, with Chief Minister M K Stalin in attendance.Addressing the media outside the Chennai Secretariat, Minister Raja noted the significance of the deal amidst ongoing global geopolitical and trade crises. Raja stated, "Despite international challenges such as wars and trade conflicts, Tamil Nadu has successfully brought Ford back. This accomplishment underscores the dedicated efforts made under the current administration." Beyond direct employment, the agreement sets the stage for further indirect job opportunities and includes provisions for producing the next-generation vehicle engine. Under the initial phase, Ford will manufacture 2,35,000 new engines at the Maraimalai Nagar facility in Chennai. With 12,000 youth currently employed at the Ford Global Capability Center in Chennai, Chief Minister Stalin has urged Ford to expand local opportunities, further boosting industrial growth in the region. The announcement follows the recent inauguration of Vietnam’s 'Winfast' car factory in Thoothukudi by Chief Minister Stalin last August, a project spread over 114 acres with a capital investment of Rs 1,119.67 crore.Read MoreFord Motors' Manufacturing Unit In Tamil Nadu's Chengalpattu To Reopen Soon, Says Minister

Transcript

00:00India's Make in India mission is set to achieve another major milestone.

00:08Ford Motors, America's second largest car manufacturer, is making a comeback to India.

00:15According to the Tamil Nadu government, Ford is reopening its manufacturing facility in

00:25Maramalai Nagar, Chengalpatu district, Tamil Nadu. An MOU has been signed between Ford Motors

00:30and the government of Tamil Nadu in the presence of Chief Minister M.K. Stalin.

00:39Industries Minister TRB Raja announced that Ford will invest Rs. 3,250 crores, creating

00:46600 direct jobs with many more expected indirectly.

00:51In the first phase, the company will roll out 2.35 lakh next-generation engines.

00:57The Maramalai Nagar unit will focus on producing high-end next-gen engines.

01:04This marks a significant leap for India's automotive sector, giving Indian engineers access to cutting-edge

01:10global technology and strengthening the local auto components industry through technology

01:15transfer.

01:18Ford first set up operations in Maramalai Nagar back in 1995, followed by its second plant

01:23in Sanand, Gujarat.

01:25However, after facing heavy losses, Ford sold the Sanand unit to Tata Motors.

01:33Even as India accelerates towards electric mobility, Ford Motors has chosen a strategic pivot, investing

01:40again in conventional engine manufacturing.

01:43This comes at a time when the US is pushing its make-in-America policy, raising import tariffs

01:49to boost domestic production.

01:52By choosing to upgrade its Indian facility, dormant for nearly four years, Ford has sent

01:58a strong signal of confidence in India's growth potential.

02:01In recent months, several American companies have stepped up investments in India.

02:06And as the IMF described in 2022, India remains a bright spot in the global economy, a fact

02:14now reinforced by the growing footprint of giants like Apple, Google, and Ford.

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Tamil Nadu Govt Signs Deal To Revive Ford Car Plant

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