Ford lays cornerstone for new $1 billion factory in India March 22, 2012 - 13:14 AMT PanARMENIAN.Net - Ford Motor Co. says it laid the cornerstone for a new billion dollar factory in India, AP reports. The plant will have the capacity to manufacture 240,000 cars and 270,000 engines a year when it's complete in 2014. The factory will produce cars for domestic consumers and for export. Ford's move to expand its India business comes amid slowing car sales in India.So far during the fiscal year ending in March, car sales have crept up 0.3 percent, against the previous year's 29.5 percent surge.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
