Korean companies Setup their Ancillary units in AP

Korean companies Setup their Ancillary units in AP

South Korean Car Manufacturing Giant KIA motors who have started their manufacturing plant in ananthapur district of AP with an investment of 1.1 billion USD are all set to release their first car by mid 2019. KIA Motors who signed an official MOU with AP government are said to produce around 4000 jobs and will produce 3000 cars annually. The plant works are being carried out at a rapid pace and expected to deliver their first car soon. AP State also allocated around 100 acres for this prestigious project.
Chandra Babu took his official twitter account and wrote “ Various autobile ancillaries are setting up their units in AP, to cater the need of automobile giant KIA Motors for a better and seamless production”