India-based Medha Servo Drives has signed a joint venture (JV) agreement with Swiss rail vehicle manufacturer Stadler Rail for a new rail coach manufacturing plant in Terrangana, India.
The new facility is reported to be built with an investment of Rs 10 billion ($ 129 million) over two years. Indian era.
Stadler Rail owns a majority stake in the JV, which is expected to employ more than 2,500 people from the state.
According to the Telangana Government, the new facility will not only meet the requirements of the Indian market, but will also be used for export to customers throughout the Asia Pacific region.
Karvakuntla Taraka Rama Rao, IT Minister of Telangana, said in this publication:
“This will show the world the potential of Hyderabad and make it comparable to the world’s investment destinations in terms of talent quality and production.”
Last January, Medha Servo designed, developed, manufactured, supplied, integrated, tested and commissioned several types of equipment for a Vande Bharat type train set of 16 cars each with 44 rakes. Received an Indian Rupee ($ 285.2 billion) contract.
Apart from this, Stadler Confirmed Framework contracts with Swiss Federal Railways (SBB), Thurbo, and Region Alps for up to 510 single-decker FLIRT trains.
Last October, the company signed a framework agreement on the manufacture and supply of the unit, but bidders who couldn’t win appealed the award. Currently, the appeal has been dismissed by the Federal Administrative Court.
https://www.railway-technology.com/news/stadler-medha-servo-rail-india/ Stadler and Medha Servo build rail coach manufacturing unit in India