Telangana IT and Industries Minister KT Rama Rao on Thursday laid the foundation stone for the rail coach factory being set up by Medha Group in Kondakal village under Shankarpally of Rangareddy District.
In a Twitter post, KTR said: “Happy and proud to have broken ground for India’s largest private rail coach factory being set up by Medha Group; a Telangana company growing global. The production capacity of 500 coaches per year, investment of Rs 1000 crore. A make in Telangana initiative for a Self-reliant India.”
The rail coach factory is being set up with an investment of Rs 1000 crores creating 2200 employment opportunities (1000 direct and 1200 indirect) in the region.The facility will have a capacity of manufacturing coaches, locomotives, intercity trainsets, metro trains, monorail, etc. Production capacity is planned for 500 coaches (of various types) and 50 locomotives per year.