Hyderabad (Metro Rail News): Telangana’s Industries and Information Technology Minister K T Rama Rao has urged the union government to keep its word given to the newborn State of Telangana and set up a railway coach factory in the public sector at Kazipet. Speaking after laying the foundation stone for Medha Rail Coach factory at Kondakal village in Ranga Reddy district here on Thursday, the minister recalled that the State was assured of a railway coach factory in Kazipet in the bifurcation Act itself, but the promise was not honoured.
Telangana is a new and progressive State and the centre must assist this growth-oriented State by setting up the coach factory in the public sector,” he demanded. Lauding the Medha Servo Drives Pvt Ltd founded by the son of the soil Y Yugandhar Reddy for coming forward to set up the Rs 1000 crore factory, he said it was expected to provide direct employment to 1000 persons and indirectly employ 1500 more. The annual capacity of the factory would be 500 coaches and 50 locomotives.
Rama Rao pointed out that the new state had dispelled the initial apprehensions that investments in Telangana won’t be safe and that there would be a mass migration of industries and investments to other States. “During the past six years, several major industries have set shop in Telangana. Now we will be home for the largest coach factory in the private sector in the country,” he said. He attributed the stupendous growth of Medha, established in 2005 to sheer hard work, the minister pointed out that Medha had a turnover of Rs 25 crore, but now it had set up 12 factories in across five continents. “Medha being a homegrown company makes Telangana proud,” he added.
So far we have an aviation hub at Adibhatla that makes components for Boeing, Apache, Sikorsky, a tractor factory at Zaheerebad, bus building unit in Hyderabad and now even rail coaches will be manufactured in Telangana,” he said. He called upon Medhato explore the possibility of entering into the fray for the Rs 30,000 crore initiative of Union Government for the manufacture of Metro coaches. Medha already has experience in the manufacture of “Vandebharat” locomotives that run at 160 km speed linking Varanasi-New Delhi, propulsion systems and signalling. He asked Medha to participate in the monorail or metro rail projects in tier two cities like Warangal.