Ford to set up tech centre in Chennai
US automaker Ford Motor Company plans to set up a green and modern Global Technology and Business Centre in Chennai that will focus on product development, mobility solutions and business services for India and other markets around the world.
The company will invest $195 million (Rs. 1,300 crore) and employ 3,000 skilled workers over the next five years to staff the new centre. Ford also will consolidate 9,000 employees from six existing facilities in the new Chennai centre.
With 12,000 employees in total, the Chennai facility will become Ford’s second-largest centre of employment globally after Dearborn, Michigan, US.
“India is not only a vibrant market for cars and new mobility ideas, it also is rich with talent, technical expertise and ingenuity,” Bill Ford said. “This new centre will help us attract the best and brightest, and make Chennai a true hub of innovation for Ford around the world,” said Ford Executive Chairman Bill Ford.
Expected to be completed by early 2019, the Ford Global Technology and Business Centre in Chennai will become Ford’s third global product development centre in the Asia Pacific and part of Ford’s global product development network, as well as housing engineering talent, the campus will be home to employees from IT, finance, accounting, data analytics and manufacturing.