UPDATE 1-Ford to build billion dollar plant in India

Newswire

(Adds details, background, quotes) * Company to set up factory in western Indian state Gujarat * Says facility to be ready by 2014 * Says initial capacity at 240,000 and employ 5000 people MUMBAI, July 28 (Reuters) - Ford Motor Co said on Thursday said it plans to invest $1 billion to build a factory in western India, doubling its investment in the country as the U.S. carmaker seeks to gain a greater share in the second-fastest growing auto market in the world. Several global ...

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