Medha Servo Drives, manufacturer of high-tech electronics for locomotives, is setting up a railway coach factory at Kondakal in Ranga Reddy district, Telangana, entailing an investment of Rs 1,000 crore.
Telangana IT and Industries Minister K T Rama Rao laid the foundation stone for the facility on 13 August 2020.
The facility will be the country’s largest privatesector rail coach factor. It will provide employment opportunity to 2,200 people (1,000 direct and 1,200 indirect) in the region.
Medha Servo Drives designs and manufactures various high-tech electronics products for application on locomotives, trainsets, coaches, railway stations and yards for the Indian Railways.
The facility will have a capacity of manufacturing coaches, locomotives, intercity trainsets, Metro trains, monorail, among others. The production capacity is planned for 500 coaches (of various types) and 50 locomotives per year.
The proposed rail coach factory of Medha Servo Drives is expected to create an ecosystem for rail coach manufacturing in the state.
Telangana already houses units that manufacture buses, tractors, parts of aircraft and helicopters.