KIA Motors to invest another $54 million in Andhra Pradesh for upcoming project

South Korean automaker KIA Motors on Thursday anunced an ditional investment of USD 54 million in Andhra Presh for an upcoming project. KIA India CEO Kookhyun Shim declared to invest an ditional sum of USD 54 million on company's expansions in state while speaking at Andhra Presh government's flagship programme 'Mana Paalana, Mee Soochana' on industries. investment will be focussed on manufacturing SUV vehicles in State.

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Company is presently catering to citizens of Andhra Presh: Shim

Shim said that "KIA is all set to become a model for foreign investors and investments coming to Andhra Presh." He furr reiterated that 85 per cent of employment opportunities created by South Korean company is presently catering to citizens of Andhra Presh, reby furring Chief Minister's vision of generating employment via investments.

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'Mana Palana Mee Soochana' great success: CMO

brainstorming session 'Mana Palana Mee Soochana' (Our Governance, Your Suggestion) on industries turned out to be a great success with KIA Motors, anuncing a furr investment of USD 54 million said  Chief Minister's Office (CMO). 

Earlier, Chief Minister YS Jagan Mohan Reddy slammed  previous TDP government and alleged that it h spre false propaganda that KIA was moving out of state. " previous government armed with a section of its friendly media has mastered art of spreing lies and canards and maeuvering facts. When outreach programme was going on, re was a propaganda that KIA Motors is moving out of Andhra Presh. I was shocked as to why should y go away. What did we do to whisk m away," release re.

Managing Director of company Kim denied rumours spre by media and stood firm that company is t moving away but are working toger with Andhra Presh government, release ded.

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When MSMEs sector was were in a b shape during 2014-19,  Jagan Reddy government has allocated Rs 968 crore to revitalise m. In first installment, Rs 450 crore was released and rest will be given soon,  release said.

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