PENUKONDA, AP

Penukonda is a town in the Anantpur district of Andhra Pradesh, India. It is 70 km away from Anantapur town. Penukonda is undergoing a metamorphosis with modern state-of-the-art buildings coming up. Already Penukonda has a Korean look with every shop in Penukonda writing names of shops in the Korean language to attract Korean nationals. Kia Motors has invested heavily in this region which is emerging as a major auto and ancillary hub. Recently, 16 companies inked pact with AP govt to set up 16 ancillary units for Kia, Korean automobile major The companies to invest Rs 4,790 crore and generate employment to 6,583. The tiny town of Penukonda is also going to be the home for scores of ancillary industries for which the APIIC is developing industrial estates to housing the ancillary units of Kia and other major industries.