Santanu Choudhury & Eric Bellman:
Ford’s new factory in the city of Sanand, in the western state of Gujarat, will be one of the first foreign facilities built in Asia’s third-largest economy mainly to make cars for export. Ford said it plans to use the factory—which cost $1 billion to build–to triple the number of cars it exports out of India.
Ford’s move shows support for Prime Minister Narendra Modi’s “Make in India” campaign to get more manufacturers expand in and export from the country. For the Dearborn, Mich., auto maker, which already has a large factory in southern India, it shows confidence India can build competitive cars despite its overstretched infrastructure and shortage of skilled labor.
Via Desi.