Andhra to be hub for Korean com­pa­nies

India Business Journal - - NEWS ROUND-UP -

Andhra Pradesh is look­ing to de­velop a South Korean cluster

pro­ject, in which Kia Mo­tors is likely to be the an­chor in­dus­try, along with a clutch of other an­cil­lary in­dus­tries in the au­to­mo­tive sec­tor. For the pro­ject, Andhra Pradesh Eco­nomic De­vel­op­ment Board (APEDB) has signed an MoU with tier-2 and -3 an­cil­lar­ies of Kia Mo­tors, which was co­or­di­nated by the Korean As­so­ci­a­tion in Chen­nai.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.