- India's largest private rail coach factory was inaugurated in Kondakal village of Telangana.
- Chief Minister K. Chandrasekhar Rao inaugurated this Rail Coach Factory on 22 June.
- It has been set up by Hyderabad-based Medha Servo Drives Pvt Ltd in a joint venture with Swiss railway rolling stock manufacturer Stadler Rail.
- With an investment of over Rs 805 crore, the first phase of the factory has been set up in about 100 acres.
- It has an annual production capacity of 500 coaches and 50 locomotives.
- The plant has reportedly provided employment to over 550 people so far and 1,000 more will be added soon.
- In 2017, the company signed an MoU with the State Industrial Infrastructure Corporation to set up a private rail coach factory and its foundation stone was laid in 2020.
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