CM KCR today launched the rail coach factory here. Telangana-based Medha Servo Group and Stadler Rail established the rail coach manufacturing at Kondakal with an investment of Rs 1,000 crore.
The state Government led by Minister KTR succeeded in attracting such massive investment for the establishment of India’s largest private coach factory in Hyderabad.
Despite the Centre giving cold shoulders and going back on its promise to establish a rail coach factory at Kazipet under the Andhra Pradesh Reorganisation Act.
The Rail coach factory has been established on about 25 acres and will be expanded further in a phased manner. Apart from manufacturing components for two Vande Bharat trains being operated in the Telugu States, the facility had already supplied 160 coaches to the railways.
The Medha Servo Group also plans to establish a wagon manufacturing unit spanning another 75 acres.
Ministers T Harish Rao, P Sabith Indra Reddy, MPs, MLAs, and MLCs along with Chief Secretary A Santhi Kumari, and others participated in the inaugural ceremony.
