AP govt to link-up South Korea

Amaravati, April 27: The Andhra Pradesh Govt has planned to link up with an abroad country company, which an MOU with South Korea-based Kia Motors which is Worlds Fifth Largest Automobile Company to establish its first-ever plant in India. The plant will come up near Erramanchi Village of Anantapur in 600 acres.The Kia Motors company is going to setting up a factory with annual capacity of 3,00,000 units with an investment of around 10000 Crore. This will provide employment to about 10000 people. Hyundai has a facility at Sriperumbudur, which has about 40 km from here. The KIA Motors also sells several models, Sportage, Optima, Cadenza, Soul, globally and has manufacturing facilities in Korea and Mexico.Kia Motors had already engaged in talks with several other states like Gujarat, Madhya Pradesh, and the neighboring Tamil Nadu as well. But it is said that Andhra Pradesh government has offered them better incentives and facilities to bring it here. The Kia Motors company will bring it to operations by 2019 if everything goes as per the plan.