New Delhi, Nov 12 (IANS) Kia India on Thursday announced an investment of $2 billion to set up a new manufacturing facility in Andhra Pradesh, increasing the South Korean automaker's annual production capacity to more than 6 lakh units.
Kia plans to invest $2 billion in a new manufacturing facility in Andhra Pradesh, India, according to IANS News and The New Indian Express, which reported the announcement on November 12. The Korea Herald said the investment is for a second plant in India and is intended to expand production. IANS News reported that the new facility would increase the company’s annual production capacity, while Businessworld also reported plans for 12,000 jobs.
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