US automobile giant Ford Motor Company has decided to invest another Rs. 4,000 to Rs. 5000 crore in an R&D centre in Chennai, after investing a billion dollar in a second plant in Sanand, Gujarat, said people familiar with the development.




This development comes 10 months after its Global CEO Mark Fields promised Prime Minister Narendra Modi that he will do his bit for the government's Make in India campaign,



In an exclusive interview with ET recently, Fields had expressed interest in increasing the product development capability in the country.



"There's a tremendous engineering talent here, and we want to tap into that and grow our product development capability here methodically over a period of time," Fields had said.



When contacted, a Ford India spokesperson said, "As for future projects and investment, we have nothing to announce."



With this fresh investment, Ford India will be increasing its investment in the country by almost 50% of its cumulative investment so far.



ET has learnt that the announcement on the Chennai R&D centre is likely to be made in the second half of this year, and the agreement with the Tamil Nadu government is expected to be signed in the next few months.



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