+
Telangana: Stadler Rail to build rail coal factory with Medha Servo Drives
RAILWAYS & METRO RAIL

Telangana: Stadler Rail to build rail coal factory with Medha Servo Drives

Stadler Rail has decided to establish a rail coach manufacturing factory in Telangana in a joint venture with Medha Servo Drives.

Over two years, the corporations would invest a total of Rs 1,000 crore in the production centre. By this unit, 2,500 jobs are planned to be created.

Following a meeting between Telangana IT and Industries Minister K T Rama Rao and Ansgar Brockmeyer, Executive Vice-President (Sales and Marketing) of Stadler Rail, the announcement was made on the sidelines of the World Economic Forum 2022 in Davos (Switzerland).

The manufacturing plant will serve as the major manufacturing location for their tenders not just from India, but also from clients across Asia-Pacific.

Ansgar Brockmeyer told the media that as they seek to scale up their activities in India and the APAC area, this unit will be one of the most significant centres for them.

Stadler Rail is a Swiss railway rolling stock company that specialises in regional train multiple units and trams. For almost 80 years, Stadler has been manufacturing trains.

Image Source

Also read: Titagarh Wagons confirms single-largest order for 24,177 wagons

Stadler Rail has decided to establish a rail coach manufacturing factory in Telangana in a joint venture with Medha Servo Drives. Over two years, the corporations would invest a total of Rs 1,000 crore in the production centre. By this unit, 2,500 jobs are planned to be created. Following a meeting between Telangana IT and Industries Minister K T Rama Rao and Ansgar Brockmeyer, Executive Vice-President (Sales and Marketing) of Stadler Rail, the announcement was made on the sidelines of the World Economic Forum 2022 in Davos (Switzerland). The manufacturing plant will serve as the major manufacturing location for their tenders not just from India, but also from clients across Asia-Pacific. Ansgar Brockmeyer told the media that as they seek to scale up their activities in India and the APAC area, this unit will be one of the most significant centres for them. Stadler Rail is a Swiss railway rolling stock company that specialises in regional train multiple units and trams. For almost 80 years, Stadler has been manufacturing trains. Image Source Also read: Titagarh Wagons confirms single-largest order for 24,177 wagons

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code