Live
- FII buying reaches Rs 22,765 crore in Dec as economic growth stays resilient
- National Energy Conservation Day 2024: Date, Importance, and Easy Ways to Save Energy
- Gastronomic trouble: After 'disappearing' samosas Himachal CM in row over red jungle fowl
- Meaningful dialogue a priceless jewel of democracy: Jagdeep Dhankhar
- CM Revanth Reddy Advocates for Gurukuls as Talent Development Centers
- Zepto’s expenses surge over 71 pc in FY24, losses at Rs 1,248 crore
- Tim Southee matches Chris Gayle's six-hitting record in his farewell Test
- AP Mnister Ponguru Narayana Inspects Highway Connectivity Roads to Amaravati
- Reduced inflow: Water levels in Chembarambakkam, Poondi reservoirs drop
- Slapgate haunts CM as Rohini slams Nitish following Patna DM’s action against BPSC candidate
Chandrababu Naidu to visit Kia plant in Anantapur today
Chief Minister N Chandrababu Naidu will attend the frame installation programme of Kia Motors at Yerramanchi village of Penugonda mandal of Anantapur district on Thursday. The Kia Motors is planning to release its first car in March 2019.
Amaravati: Chief Minister N Chandrababu Naidu will attend the frame installation programme of Kia Motors at Yerramanchi village of Penugonda mandal of Anantapur district on Thursday. The Kia Motors is planning to release its first car in March 2019.
It is expected that Andhra Pradesh will emerge as a major automobile hub with the South Korea’s giant Kia Motors setting up the ultra-mega integrated automobile manufacturing project.
Kia Motors signed an MoU with the state government on April 20, 2017 and stated that it would produce 3 lakh vehicles per year with an investment of $500 million (Rs 13,000 cr). The company said that it would provide employment opportunity to 11,000 persons, including 4,000 persons directly.
The APIIC allotted 535.50 acres to main plant, 36 acres to township and 11.2 acres to training centre.
The state government is ready to allot 250 acres to 40 automobile allied industries in Gudipalli and Yerramanchi villages. Besides, the state government has been making efforts to allot 100 acres for railway siding and 48.47 acres for truck terminal.
The plant works are being carried out at a brisk space. The engine shop, body shop, paint shop, seat shop, assembled unit, utility centre and power train shop are getting ready in main unit of the plant.
The state government said in release that the economic scenario of the drought-hit Anantapur district would witness rapid changes once the plant commences production as it provides major employment opportunities to local youth.
On the other hand, the industry-friendly atmosphere and eco-system in the state would attract some more industries as the district is more accessible to international airport and Bangalore city, the government said.
