The Economic Times

Andhra Pradesh beats Tamil Nadu to win Rs 1,614 crore investment from three Hyundai, Kia suppliers

Three South Korean automotive component manufacturers have committed to invest 1,614 crore in Anantapur, Andhra Pradesh. Hwashin, Seoyon, and Iwamet have signed MoUs with the state government for setting up facilities. The investments follow Andhra Pradesh's proactive efforts to attract global manufacturing investments. These projects are expected to create 1,418 jobs, enhancing the region's automotive manufacturing capabilities.