India auto sector attractive for investing: Arun Goel on Ford plant closure

The Secretary, Ministry of Heavy Industries, said the country has seen investments of $34.5 billion in the past five years, to substantiate his point

Days after Ford India announced the closure of its plants at Maraimalai Nagar in Tamil Nadu and Sanand in Gujarat, a top government official said that the past five years would not have seen investments to the extent of about $34.5 billion had the country’s automotive sector been not attractive, indicating that business decisions are based on each company’s ‘corporate strategy.’

Addressing the media in Chennai on Monday, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years. “If the Indian auto ecosystem was not attractive, why