US car major Ford Motors is planning to invest 50 billion rupees to set up a three-lakh-cars-per-annum plant in Gujarat, according to various media outlets.
The state has been in news of late, and seems to be a major attraction for manufacturing units. With General Motors and Tata motors already going about their business, it seems MSI, and Ford Motors are next in line.
The company has been in talks with several states for quite sometime but now it has shortlisted Maharashtra and Gujarat, considering the supplier base in the region and labour-friendly environment, Mint newspaper quoted an unnamed source as saying.
We have already invested $600 million in India and going forward the investments will be significant, said Nigel E. Wark, executive director, marketing, sales and service, Ford India. He declined to give details.
A decision will be taken at a board meeting later this week.