Narendra Modi’s focus on economic development will work well for India: Alan Mulally
Alan Mullaly, 68, Chief Executive Officer and President of Ford Motor Co retires from Ford board on 1st July 2014. He has cited Narendra Modi as one of his heroes and praised him for his focus on economic development which, in his opinion, will work to the advantage of the country.
Mulally terms India as one of the fastest growing markets which will soon be Ford’s export hub. Their manufacturing plant in Maramalai Nagar, Chennai is already exporting while another plant in Sanand, Gujarat is to be commissioned later this year. Both these plants have seen investment of about $2 billion.
Mulally was in Chennai recently to bid farewell to the employees at the Chennai plant when he drew attention to India’s strategic position and an important market where Ford Motors is concerned. Mulally is optimistic of the future, especially now, with Narendra Modi at the helm. Modi’s focus on infrastructure and development will stand in good stead. Ford has noted impressive sales of both Figo and EcoSport in the country where they plan on introducing their entire range of vehicles right from the Fiesta to F Series trucks.
Mulally retires on July 1st after eight years of service while his position will be filled by Mark Fields, the current Chief Operating Officer. Mulally looks forward to his retirement and said at another meeting at Ford’s Dearborn headquarters that he had no plans on working elsewhere.
via Economic Times