Railways to set up metro coach factory at Latur
The Indian Railways recently signed a memorandum of understanding with the Maharashtra government to set up a coach factory in Latur with an investment of Rs 600Cr.
The railways will be manufacturing Metro coaches with a potential of exporting them to the other countries and generation of 15,000 direct jobs in backward region of Marathwada. The railways also plans to extend the investment to Rs 2,000Cr in the future, with an aim to bring prosperity in the backward districts of Latur, Osmanabad, Nanded in Marathwada.
The authorities will be soon acquiring the land required for the construction of a coach factory in Latur, as the state government has announced to hand over the land within a week.The first phase will require an area of 150 hectares. The state will provide land at concessional rates, facilitate rail connectivity including land required for it, concession on local taxes on water, electricity and GST, help in providing road connectivity and facilitate speedy clearances of all statutory requirements.