India
Kia India plans two billion dollar investment to set up new plant in Andhra Pradesh
Kia India will invest two billion dollars to build a new manufacturing unit in Andhra Pradesh, creating approximately 12,000 jobs. Chief Minister Chandrababu Naidu shared that 303 memoranda of understanding worth 9.89 lakh crore rupees are ready for signing, bringing total commitments to 32.49 lakh crore rupees over two and a half years. These announcements were made at the 31st CII Partnership Summit in Visakhapatnam. The state government also plans to introduce a specialised investor protection law in the next legislative assembly session.
Kia India will invest two billion dollars to build a new manufacturing unit in Andhra Pradesh, creating approximately 12,000 jobs. Chief Minister Chandrababu Naidu shared that 303 memoranda of understanding worth 9.89 lakh crore rupees are ready for signing, bringing total commitments to 32.49 lakh crore rupees over two and a half years.
These announcements were made at the 31st CII Partnership Summit in Visakhapatnam. The state government also plans to introduce a specialised investor protection law in the next legislative assembly session.