Business

CM Stalin meets Ford company officials, explores possibilities to renew tie up

September 11, 2024

Chennai, Sep 11

Tamil Nadu Chief Minister M .K. Stalin, who is on an investment garnering trip to the United States since August 29, met the officials of Ford Motors in Chicago.

CM Stalin, in a statement on his social media platform X, said: "Had a very engaging discussion with the team from @Ford Motors! Explored the feasibility of renewing Ford's three-decade partnership with Tamil Nadu, to again make in Tamil Nadu for the world! "

Ford had invested nearly $2 billion in the Indian market for its design, production and marketing. However, it exited India in September 2021 as it faced stiff competition and its global sales dipped.

However, the Automobile industry is buzzing with stories that Ford has been looking forward to re-entry in India with EV vehicle production and production of Internal Combustion Engines (ICE) in the CBU forms at the plant.

Earlier, CM Stalin signed several MoUs with many companies during his 17-day US trip.

The state government had signed a Rs 400 crore contract with Ohmium in San Francisco, which will generate 500 jobs, the Chief Minister's Office said in a statement.

The statement also said that CM Stalin visited the headquarters of Google, Apple and Microsoft and signed MoUs with these tech giants.

 

 

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