The decision fuelled speculation that the US company may be considering a re-entry into the worlds third auto largest market after exiting over two years ago. The companys Maraimalai Nagar-based plant has been on the block after Ford got out of India amid mounting losses and the slowdown that gripped the passenger vehicle market after the Covid-19 pandemic in September 2021.
Smartlink Holdings Ltd has made an additional investment on rights basis of Rs. 10,00,00,000/- in its Wholly Owned Subsidiary, namely Synegra EMS Limited.
External Affairs Minister (EAM) S Jaishankar on Friday said that reforms measures taken by the Modi government during the peak of the COVID pandemic have resulted in the highest-ever FDI flows in the country s history and the creation of the largest start-up ecosystem in the world.
External Affairs Minister (EAM) S Jaishankar on Friday said India is getting increasingly prominent in the global economy, as he underlined the reforms undertaken by the Modi government that contributed to the country becoming one of the strong destinations for inward foreign direct investment.