Telangana government allots Rs. 800 crore railway, metro coach factory

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Hyderabad (Telangana), Oct 28 (ANI): The Telangana Government allotted 100-acre land for an upcoming rail and metro coach factory, proposed to be set up by Hyderabad-based Medha Servo Drives Private Limited, with an estimated investment of Rs. 800 crores. Minister for Industries K.T Rama Rao attended MoU signing ceremony with Medha Servo Drives at Hyderabad. While speaking at the event, KT Rama Rao said though Telangana was promised a Rail Coach Factory within six months of its formation in the Andhra Pradesh State Reorganisation Act 2014, it has never become a reality in spite of frequent appeals to the central government. Medha Servo Drives is the largest propulsion equipment supplier to Indian Railways that will be setting up Rail or Metro Coach Factory. About 100 acres of land has been allocated through TSIIC at Kondakal to Medha Servo Drives Rail/Metro Coach Factory.

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