KIA to invest $ 1.29 Billion to start its production from August, 2019 in India
Crescendo Worldwide, an International Trade & FDI generating organization has joined hands with Kia Motors for manufacturing of cost efficient cars in India.
NewDelhi, 1st June 2018: Inspired by Prime Minister Narendra Modi’s vision of Make inIndia, Crescendo Worldwide, an International Trade & FDI generatingorganization has joined hands with Kia Motors to start its manufacturing inIndia and can be seen on road from September, 2019.
Kia Motors,company head quartered in Seoul, South Korea, 6th largestproducer of Cars and SUVs is entering into Indian Market, with an investment ofUSD 2 billion and with production capacity of 3 lakh vehicles per year from theworld class manufacturing facility setup in Anantapur District, Andhra Pradesh.
Executingthis vision, Crescendo Worldwide has organized, KIA MOTORS SUPPLIER MEET Eventin Delhi on 29th May 2018, where 200+ Tier 1 and Tier 2companies and supplier from various cities of India has met KIA Motors IndiaTeam.
The eventwas addressed by Mr. LEE SANGHWA, Chief Product Officer of Kia Motors India,Mr. Vishal Jadhav, President and Ms. Nidhi Shree, Head – Strategic BusinessExpansion, Crescendo Worldwide.
Whileaddressing the media Mr. Vishal Jadhav President CrescendoWorldwide told,” We believe in bringing more and more business to India andmaking India a Global Manufacturing Hub. For KIA project, We are targeting toreach TIER2 & TIER3 automotive suppliers specially from small cities, whichwill support KIA to make cost effective products without compromising onquality. We will get to see 4 models of KIA in India.”
In thisevent 25 Korean Tier 1 suppliers of Kia Motors also participated. Indiancompanies also got an opportunity to see latest models of Kia Motors – to knowmore about parts, components and assemblies.
CrescendoWorldwide, leading organization in India with team of 80+ experts in India& Germany, from various sectors and presence in 21 countries globally,supporting companies for Joint Ventures, Mergers & Acquisitions, TechnologyTransfer, Outsourcing, Supplier Development, Distribution Network formation,Global Subsidiary Formation, Facilitation of Inward and Outward FDI etc.
India andKorea share long history of Trade & FDI and this event is going to takethese relations on new heights.