Kia to ink pact with Andhra Pradesh govt for setting up manufacturing unit

South Korea’s second largest carmaker, Kia Motors, will end its five-year evaluation on India entry when the company signs a memorandum of understanding (MoU) with the Andhra Pradesh (AP) government later this month for setting up a factory.

State officials had worked patiently for over a year to make this happen. Kia and the AP government have moved swiftly on the follow-up action after a final decision was taken.

The state government had issued orders for acquisition of 600 acres for the proposed manufacturing hub just a day after Kia’s team met chief minister N Chandrababu Naidu on April 12. The government