Reuters reports that KIA motors was planning to shift its 1 billion dollar plant from Andhra’s Anantapur to Tamil Nadu, set ripples in Andhra politics which set a war of words between the ruling and oppositions. While the state government is all busy in issuing a roll of clarifications that the reports to be fake, the Oppositions lashed out on the YSRCP governance for driving away investments and projects from the state. On this note, KIA Motors on Friday issued an official note stating that the reports about shifting the KIA manufacturing facility out of Andhra Pradesh are untrue.
Assuring their relation with the AP government, the statement read that Kia has a long term commitment to the Indian market and has made an investment of USD 1.1 billion in the manufacturing plant at Anantapur. However, there are speculations that KIA was forced to issue a clarification as the South Korean automobile company chose to remain tight-lipped from the past two days. On the other hand, a few of the industry heads opined that the reports are not something we need to ignore. Information from the trusted sources revealed that there had been a rift between the automobile company and the state government which perpetually triggered the rumours.
State government taking a special interest in issuing a series of clarifications through various YSRCP leaders like Botsa Satyanarayana, Buggana Rajendranath Reddy and Mekapati Gowtham Reddy, followed by the statement from KIA itself now turned fishy, raising speculations if the government is trying to hide the facts.
