US tech giant Ford ranks highest in India’s top 10

US tech giant Ford ranks highest in India’s top 10

The US tech company Ford, which has a stake in India, is the second-highest ranked firm in the country’s largest tech market, according to data compiled by the National Stock Exchange (NSE).

The data was released on Wednesday, three days after Prime Minister Narendra Modi’s government announced that Ford would invest up to Rs1,000 crore ($8.5 billion) in a new factory in the state of Maharashtra.

The NSE said Ford’s entry into the Indian market would not affect its overall performance.

The data showed that Ford, the world’s third-largest automaker, had the third-highest revenue per employee (RTE) in the world, followed by India’s Mahindra Group and Indian pharmaceuticals company Novartis.

Ford’s revenue in India grew by 20% to Rs8.6 billion in 2017, while its RTE rose by 7%.

Ford is the only Indian automaker to have a factory in Mumbai, which was founded in 1793.

Its main operations are in Mumbai and Bangalore.

Ford said it had invested Rs1.9 billion ($3.5 million) in infrastructure in India in 2018, with plans to expand to the US in 2021.

It also plans to invest more than Rs1 billion ($2.7 billion) into new manufacturing plants, it said.NSE said it would release data on other global companies as well in coming months.

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