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September 16, 2024 3:24 PM

Ford announces plans to restart manufacturing plant in Tamil Nadu for global exports

Ford Motor Company said on Friday it intends to restart operations at its manufacturing plant in Tamil Nadu. The American automaker aims to repurpose the facility for export-focused production, marking a new chapter in its relationship with the Indian market. Kay Hart, President of Ford's International Markets Group, revealed the company's plans through a LinkedIn post. Hart said that Ford has submitted a Letter of Intent (LOI) to the Tamil Nadu government, outlining its proposal to utilize the...

September 16, 2024 3:25 PM

TN govt signs MoU with U.S. machinery manufacturer Caterpillar

U.S. machinery manufacturer Caterpillar will expand its equipment manufacturing facilities in Tamil Nadu, Chief Minister MK Stalin said on Thursday. In a post on X, Stalin announced the signing of a memorandum of understanding (MoU) between the Tamil Nadu government and Caterpillar, which plans to invest in the Thiruvallur and Krishnagiri districts. "The longstanding association between Caterpillar and Tamil Nadu has been further strengthened by new investments!" Stalin said. During Stalin's ...

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