Ford Motors Co is heading towards West Bengal where it
plans to invest up to Rs823 crore in three projects at
Mayapur in the state that hold potential for creating
15,000 jobs and three-million tourist visitors.
projects will be executed by Ford company ABF International
which is headed by Alfred Brush Ford, descendent of US
automobile pioneer and the Ford founder, Henry Ford.
a presentation on the projects, ABF director John Robert
Sims said "The projects would create 15,000 jobs
directly and indirectly and we also expect three million
tourists to visit annually."
projects envisage setting up of a village industries park,
a tourist hospitality complex and a Vedic Planetarium
at Mayapur, home to the global headquarters of the International
Society for Krishna Consciousness (ISKCON).
International will invest Rs283 crore initially through
the foreign direct investments route, and the company
expects double the amount of investment through indirect
to Sims, the company has formed three separate bodies
for the stand-alone projects. The Industrial Park project
will be under the Mayapur Village Industries Park Pvt
Ltd, while Mayapur Tourism Development Pvt Ltd will take
up the tourism project. Mayapur Project Society, a charitable
body will set up the Vedic Planetarium.
total land required for the projects is about 60 acres.
The company is acquiring the land as and when it is available
and the project is expected to be operational by 2009.