Visakhapatnam, Nov. 12 -- Kia India will invest approximately 2 Billion dollars in Andhra Pradesh generating over 12,000 jobs.
Speaking at the inaugural session of the 31st CII Partnership Summit in Visakhapatnam, Kia India Managing Director and CEO Gwanggu Lee announced plans to establish an additional manufacturing plant in Andhra Pradesh with an investment of approximately $2 billion (around Rs 17,000 crore).
The project is expected to generate around 12,000 jobs and increase Kia India's annual production capacity from 4.3 lakh to 6.3 lakh vehicles.
Lee said Kia's journey in Andhra Pradesh began in 2017 with the establishment of its first manufacturing plant, which was commissioned in a record 14 months with the cooperation and suppor...