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The investment will be channelled into reviving the automaker's Maraimalai Nagar facility near Chennai in Tamil Nadu, which will be retooled to produce over 200,000 engines annually. Ford Motor Co. plans to invest about ₹32.5 billion ($370 million) in India to manufacture high-end engines for export markets, marking a significant return to local production four years after shutting down operations in the country, according to a person familiar with the matter told Bloomberg. The investment wi ...Read More >
CHENNAI: US automaker Ford Motor Company said it will restart manufacturing in Chennai and commission production of new engines by 2029, backed by a new investment of Rs 3,250 crore.The announcement follows a memorandum of understanding (MoU) signed between Ford and the Tamil Nadu government on Friday.The Chennai plant is expected to have a planned capacity of 235,000 engines annually, with production expected to start in 2029. The project is expected to create over 600 direct jobs."We are pleas ...Read More >
CHENNAI: Passengers arriving at Chennai International Airport have raised complaints that taxi operators are overcharging and, in some cases, forcing travellers, particularly foreigners and out-of-state visitors, to pay extra fares. About 60,000 passengers travel daily at Chennai Airport, both domestic and international. Of these, about 30,000 are incoming passengers. Most of these incoming passengers use rental cars or taxis to travel out of the airport. Reports suggest that drivers often dema ...Read More >
CHENNAI: Ample Parks, a joint venture between Actis and Mahindra Lifespaces, on Monday announced the launch of its maiden Industrial and Logistics Park in Mahindra World City (MWC), Chennai. With an estimated capital outlay of Rs 800 crore, this project is the largest Grade-A industrial space currently available within the Domestic Tariff Area (DTA) of MWC. Spanning approximately 71 acres, Ample Parks offers around 2.1 million square feet of area available for leasing and is positioned to meet ...Read More >
Hyderabad: International Asteroid Day (IAD) is observed on June 30 every year to raise public awareness of asteroids and the importance of defending Earth against potential threats from the asteroid belts. This day has been sanctioned by the United Nations. Asteroids are small, rocky objects that orbit the sun. Even though these rocky remnants are the leftovers from the formation of our solar system that occurred about 4.6 billion years ago, they still orbit around the sun like planets. There a ...Read More >
Chennai : Ample Parks, a joint venture between Actis and Mahindra Lifespaces, today announced the launch of its maiden Industrial and Logistics Park in Mahindra World City (MWC), Chennai. With an estimated capital outlay of Rs. 800 crore, this landmark project is the largest Grade-A industrial space currently available within the Domestic Tariff Area (DTA) of MWC. Spanning approximately 71 acres, Ample Parks offers around 2.1 million square feet of area available for leasing and is uniquely posi ...Read More >
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