Ford to invest 1300 crore INR in new IT business centre

Ford Motor Company, one of the major automobile company is going to invest 1300 crore INR in setting up a new global technology and business centre at Chennai.

Reports also suggest that one of the top official of the company said that it is going to expand the number of employees, working under it by 3000 by the next five years and will be deployed at Ford's new business and technology centres.

According to IANS, Bill Ford, Executive Chairman, Ford Motor Company, said, "Ford has invested over $2 billion in India. We will open Ford Global Technoloyg and Business Centre here. This will be our third global product development centre in the Asia Pacific region."

The proposed facility will serve as a hub for product development, mobility solutions and business services for India and other markets around the world.

He also added that by this development, Chennai will be its second largest IT development centre.