international news Agency, Reuters carried a Sensational New Item claiming that Kia Motors is planning to pull out of andhra pradesh and relocate to tamil Nadu. The story was later carried by American Stock Exchange Website, NASDAQ and all other international and nationally reputed business and media houses.
The news spread like a wildfire as it said the south Korean Automobile Giant has come to the decision due to the change in policy stances by andhra pradesh government after congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress came to power. congress PARTY' target='_blank' title='ysr congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>ysr congress government is stunned by these developments and is taken back by the vicious campaign unleashed on their government and the state.
Senior officials with the tamil Nadu government revealed that KIA Motors was not in talks with the state to shift its $1.1 billion manufacturing facility from Anantapur in Andhra Pradesh. "No one has contacted us, neither have we contacted them. It is logistically impossible to shift production like that. Only when there is an expansion can they think about a different location," they said. Senior officials in andhra pradesh also denied the accuracy of the report. The report in the news Agency cited a senior government official and two other sources stating that more clarity is expected after a secretary-level meeting next week.
