UPDATE 2-Ford bets big on India with $900 mln plant

Newswire

* Company to set up factory in western Indian state Gujarat * Says facility to be ready by 2014, to employ 5,000 * Says initial capacity at 240,000 vehicles a year * India is world's second-fastest growing major car market (Adds company, analyst comment, details, byline) By Neha Singh MUMBAI, July 28 (Reuters) - Ford Motor Co plans to build a $900 million production plant in India, doubling its investment in the country, as the No. 2 U.S. carmaker seeks to catch up with rivals in ...

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