Alstom plans metro rail coach facility in Sri City
The Hindu Business Line - Chennai, August 27, 2009 Link
|French transportation major Alstom is planning to set up a metro rail coach factory near Chennai.|
Sources in the Government of Andhra Pradesh confirmed to Business Line that Alstom is looking to put up the facility at the upcoming industrial township, Sri City, some 40 km north of Chennai, within the borders of Andhra Pradesh.
Investment details have been kept under wraps. Sources said that the details would be revealed when the Chief Minister of Andhra Pradesh, Dr Y.S. Rajasekhara Reddy, would formally make an announcement on this while on a visit to the Sri City SEZ on September 9. Alstom did not respond to a request for a comment.
Sources point out that there is a growing business for Metro rail coaches, as many cities – Chennai, Hyderabad and Bangalore, are some examples — propose to have metro rail for intra-city public transportation.
When Alstom works its plans, it will be the second major foreign investment in the metro rail coach building area, after Bombardier, whose €33 million plant has become operational.
Meanwhile, it is learnt that a German company is investing in a railway wheel plant in the Sri City SEZ. Again, officials are tight-lipped about the name of the company or the investments. BFG International Pvt Ltd of Bahrain, which makes fibre reinforced polyester and composite mouldings, is currently building a facility in the SEZ to make inner linings for coaches.