Andhra Pradesh Government Signs Key Agreement with Kia

Andhra Pradesh has taken another significant step towards industrial development, with the state government signing a key agreement with leading automobile manufacturer Kia. The company has agreed to expand its manufacturing operations in Sri Sathya Sai district. As part of the proposed expansion, Kia is planning to invest approximately ₹18,000 crore in the state and establish its second manufacturing plant across 465 acres.

Chief Minister N. Chandrababu Naidu has requested the company to complete the construction of the new facility by 2029. The company is planning to commence production at the second plant by 2030. The proposed expansion is expected to strengthen Andhra Pradesh's industrial sector and create fresh investment and employment opportunities in the region.