Engineering and electrical goods major Siemens likely to soon establish a facility to manufacture coaches for trains and metros in India, thereby unveiling a completely new business section in the country.
The Indian arm of the German company has nearly finished the take over of land at Aurangabad in Maharashtra to put up a greenfield plant for the manufacture of engineering goods including rolling stock.
The company plans to starts with the manufacture of metro coaches, adding that work on developing the land, which is adjoining the Skoda plant in the Shendra industrial estate in Aurangabad, is hoped to start in a few weeks. The facility will go on stream by the middle of 2009. The initial financial outlay of the new factory, part of what is estimated as a mega-project, is understood to be around Rs 500 crore.
The Indian arm of the German company has nearly finished the take over of land at Aurangabad in Maharashtra to put up a greenfield plant for the manufacture of engineering goods including rolling stock.
The company plans to starts with the manufacture of metro coaches, adding that work on developing the land, which is adjoining the Skoda plant in the Shendra industrial estate in Aurangabad, is hoped to start in a few weeks. The facility will go on stream by the middle of 2009. The initial financial outlay of the new factory, part of what is estimated as a mega-project, is understood to be around Rs 500 crore.
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