Day 1, CII Partnership Summit Bumper Hit: Kia To Invest $ 2 Bn in AP

The opening day of AP CII Partnership Summit, 2026, in Visakhapatnam turned out to be a blockbuster success. Several Multinational Companies have come forward to expand their investments in AP. The major such announcement came from automobile giant Kia. Kia already has a massive flagship manufacturing plant in Anantapur and it came during Chandrababu Naidu’s previous term in 2017.

In a latest announcement, Kia revealed its plan to invest $2 billion in Andhra Pradesh. This is as part of Kia’s expansion plans. The company is looking at setting up a new manufacturing plant in the State, Kia India MD and CEO Gwanggu Lee announced. The announcement was made at the 31st AP CII Partnership Summit today.

Speaking at the summit, Lee said Kia began its journey in Andhra Pradesh in 2017 and has been steadily expanding its operations in the State since then. The proposed $2 billion investment is expected to further strengthen Kia’s presence in Andhra Pradesh and expand its manufacturing operations.

Kia, a South Korean automobile giant, has become a huge success in the Indian automobile segment with lakhs of Indians buying their cars since their inception in India. The new manufacturing plant underscores the growing demand for Kia cars in the country. Again, CBN 2.0 witnessing massive investments from MNCs and Kia started with a bang at the CII Partnership Summit.