The decision to set up a railway coach factory was taken at a meeting between Railway Minister Piyush Goyal and Maharashtra Chief Minister Devendra Fadnavis
MUMBAI: Indian Railways will set up a metro and rail coach manufacturing facility in Latur in Maharashtra on public-private partnership basis. The project is likely it entail investment ofmore than Rs 1,500 crore, a top rail ministry official said. The official said the investment and the number of coaches the facility will make is yet to be decided.
Maharashtra Chief Minister Devendra Fadnavis and railway minister Piyush Goyal met on Wednesday and, in-principle, approved setting up a rail coach factory in Latur, the official said. The facility will cater to the demands of metro coaches in cities across India along with the captive demand from coming from Indian Railways.
This plant would manufacture Electric Multiple Units for suburban trains and coaches for metros. Work on this project will be done on high priority with fast track processing of all approvals. Maharashtra government has offered several concessions, including in land and taxes.
“Work on this project will be done on high priority with fast track processing of all approvals. The Maharashtra government has offered several concessions including in land, taxes,” an official said.
In a tweet, Devandra Fadnavis, Chief Minister of Maharashtra said “Thank you Piyush Goyalji for your commitment for setting up of factory of EMU for Suburban Railways and Metro coaches at Latur. Big boost to economic activities in Marathwada and huge employment opportunities.”
The new coach plant will create an industrial ecosystem in the drought-prone region and may help shift from agriculture to industry.