KIA Motors India to invest ₹409 cr. in expansion project

‘Industry-friendly policy will attract foreign firms to State’

Published - May 29, 2020 12:08 am IST - ANANTAPUR

The KIA Motors India will invest $54 million (₹409.5 crore) in expansion project at its manufacturing facility at Erramanchi village in Anantapur district, company Chief Executive Officer Kookhyun Shim announced at the ‘Mana Palana-Mee Suchana’ programme on Thursday.

At an interactive session on industrial sector and investments with the industrialists and beneficiaries, Mr. Shim said the KIA Motors India’s success story would attract more foreign investors to Andhra Pradesh, adding that the company had achieved success in the market within 10 months of beginning manufacturing cars.

Giving credit to the State government’s industrial policy and cooperation of the officials, he said. The State could become an industrial hub with foreign investments coming in owing to the investors’ confidence. The State has good natural resources, a large pool of skilled manpower and good air, road and sea connectivity, he said.

Job creation

“We, along with our vendors, have generated 13,000 jobs and a majority of the employees are from Andhra Pradesh. The company has trained the local youth in technical skills the automobile industry needs and KIA Motors India has employed 1,589 of them and several others by the vendors supplying spares,” Mr. Shim said.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.