AP government signs key agreement with Kia

AP: Kia India has signed a key agreement with the state government at the ongoing CII Partnership Summit in Visakhapatnam. Kia Motors and its partners will invest a huge amount of about $ 2 billion (about Rs. 17,000-18,750 crore) to set up a second manufacturing plant in Anantapur. The plant will increase the production capacity by another 2 lakh units per year. This is expected to provide employment opportunities to about 12,000 people. Production is expected to start by 2030.