WASHINGTON, D.C. — Ford President and CEO Alan Mulally has been honoured with a Global Leadership Award from the US-India Business Council (USIBC) because of the company’s contribution to strengthening business cooperation between the two nations.
Mulally told an audience of more than 350 senior business leaders and government officials at the 37th Leadership Summit of the USIBC that Ford’s success in India was earned through hard work.
“We are working hard to serve customers in India and around the world with a full family of vehicles with best-in-class quality, safety, fuel efficiency and smart design and, of course, the very best value,” Mulally said.
Recapping the fabulous growth story of Ford in India, Mulally said the company stands committed to building better, fuel-efficient vehicles that consumers desire, while at the same time helping build a better world in the communities and markets where it operates.
Citing Ford’s latest investment of a further US$ 1 billion to build a new manufacturing facility in Sanand, he said the new capacity will enable Ford to launch eight new and exciting products in India by mid-decade and export many of these vehicles and engines from the Sanand and Chennai plants.
Ford recently laid the foundation stone for the Sanand plant which, when operational in 2014, will produce 240,000 cars and 270,000 engines a year. This will add to Fords’ already expansive operations in Chennai.
But as Ford grows its business, Mulally said the company also is expanding its outreach programs.
“Ford India launched a significant expansion of our corporate social responsibility initiatives last week, including new projects in school tutoring, infrastructure improvements in schools, health and sanitation in villages and skill development to help empower women – and this is just a start,” he said.
USIBC also presented the Global Leadership Award to Indian industry leader Anand Mahindra, vice chairman and managing director, The Mahindra Group.
USIBC Chairman Ajay Banga, who is also MasterCard’s worldwide president and CEO, urged deeper collaboration between the U.S. and India.
“Let us not forget that India and the United States share a common DNA. Our mutual values of freedom, innovation, and the entrepreneurial spirit bind us in a common cause. There is no doubt our countries were born to be together,” said Banga.
Formed in 1975, the USIBC is a business advocacy organisation advancing U.S.-India commercial and trade ties. The USIBC, which is headquartered in Washington, DC, and has liaison offices in New York, Silicon Valley, and New Delhi, comprises more than 350 top U.S. and Indian companies.