Kia Motors, headquartered in Seoul, is the sixth largest producer of cars and SUVs. The company is entering the Indian market with an investment of $2 billion and with production capacity of 300,000 vehicles per year from the world-class manufacturing facility in Anantapur district in Andhra Pradesh.
Crescendo Worldwide, an international trade & FDI generating organization, has joined hands with Kia Motors for manufacturing cost-efficient cars in India.
Executing this vision, Crescendo Worldwide organized Kia Motors Supplier Meet in New Delhi on May 29, where over 200 Tier-1 and Tier-2 companies and suppliers from various cities of India met the Kia Motors India Team. The event was in line the Prime Minister Narendra Modi’s ‘Make in India’ vision.
The event was addressed by Mr. Lee Sanghwa, Chief Procurement Officer of Kia Motors India, Mr. Vishal Jadhav, President, and Ms. Nidhi Shree, Head – Strategic Global Business Expansion, Crescendo Worldwide.
A total of 25 Korean Tier-1 suppliers of Kia Motors participated in the event. Indian companies also got an opportunity to see the latest models of Kia Motors and to know more about parts, components and assemblies.
Crescendo Worldwide of India with a team of 70+ experts from various sectors and with presence in 21 countries globally, is supporting companies for joint ventures, mergers & acquisitions, technology transfer, outsourcing, supplier development, distribution network formation, global subsidiary formation, facilitation of inward and outward FDI, etc.
India and Korea share long history of trade & FDI, and this event would take the relations to new heights.