Ford Re-enter In India: Despite US President Donald Trump’s “America First” slogan, American companies are not shying away from investing abroad. Despite the Trump administration adopting a policy of forcing companies to increase production in the US and imposing higher tariffs on other countries, many big American companies are still investing in markets like India. In this sequence, Ford Motor Company has once again ignored Trump’s policy and announced to invest Rs 3,250 crore (about $ 370 million) in India.
Ford’s return to India
Ford on Friday announced the resumption of production in Chennai. This move comes at a time when the company had ceased operations from the Indian market in 2021. Now Ford is preparing to re-establish its presence in India through a new manufacturing unit.
Ford has signed an MoU with the Government of Tamil Nadu. The company says that the initial investment will create opportunities for more than 600 direct and indirect jobs. Work on the project will start by the end of this year. After complete completion of the plant, it will have the capacity to manufacture 2.35 lakh engines every year. It is estimated that this plant will be fully operational by the year 2029.
Investment in India despite Trump tariffs
Under Trump’s policies, emphasis is being placed on American companies to return to America and produce there. Despite this, after Apple, now companies like Ford are investing in India on a large scale. It is clear from this that American companies are still considering a fast-growing market like India as a better option than high costs and strict trade policies.
Also read: From banking rules to Aadhaar… 5 big changes going to happen from November 1, will have a direct impact on your pocket.
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