Devineni Uma MASS Warning to AP CM Jagan | Kodali Nani | Anil Kumar Yadav | TDP Vs YSRCP | TV5 News Telugu
AP News : AP Politics : YSRCP Vs TDP : Nara Lokesh
AP CM Jagan Mohan Reddy Vs Chandrababu Naidu Over Amaravati Farmers Protest on AP Capital Change
South Korea's Kia Motors is discussing with Tamil Nadu the possibility of moving a $1.1 billion plant out of neighbouring Andhra Pradesh only months after it fully opened, due to policy changes last year, sources close to the talks told Reuters.
Kia inaugurated the Andhra plant, its first in the world's fifth-largest car market, in December after two years of construction. It has an annual capacity of some 300,000 units and created 12,000 direct and indirect jobs.
However, Kia is now in talks with the nearby state of Tamil Nadu, home to many major autoparts suppliers, about potentially relocating the plant, a senior state government official and a second source familiar with the discussions said.
"(Kia) are facing problems (in Andhra Pradesh), they have been in preliminary negotiations with us ... There is a secretary-level meeting next week, we might have more clarity then," the official told Reuters on Wednesday.
Subscribe to TV5 News for Latest Happenings and Breaking news from Andhra and Telangana.
For More Updates
► TV5 News Live : https://goo.gl/UPacax
► Subscribe to TV5 News Channel: http://goo.gl/NHJD9
►Our Website : http://www.tv5news.in
► Like us on Facebook: http://www.facebook.com/tv5newschannel
► Follow us on Twitter: https://twitter.com/tv5newsnow
► Circle us on TV5 News Channel G+: https://plus.google.com/+tv5newschannel
► Follow us on Pinterest: https://www.pinterest.com/tv5newschannel