In a boost to the investment sentiment in the state, South Korean auto major KIA Motors India CEO announced an additional investment of USD 54 million in Andhra Pradesh. Amaravati: In a boost to the investment sentiment in the state, South Korean auto major KIA Motors India CEO announced an additional investment of USD 54 million in Andhra Pradesh.
Speaking at the AP government's flagship program 'Mana Palana, Mee Soochana' which roughly translates to 'Our governance, Your Suggestion' on Thursday, the KIA Motors India CEO, Kookhyun Shim said the investment will be used in expanding the existing manufacturing facility at Ananthapuram district in the state.