* Kia fully opened $1.1 billion India plant in December
* Carmaker concerned by policy tweaks -sources
* Kia looks at moving plant to nearby state -govt source
NEW DELHI, Feb 5 (Reuters) – South Korea's Kia Motors is discussing with the Indian state of 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 prelimina..
Author: World_Newz Mon
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