Stadler Rail in a joint venture with Medha Servo Drives will set up a rail coach manufacturing facility in the state of Telangana.
The companies will jointly make an investment of over Rs 1,000 crore over a period of two years.
The unit is expected to generate 2,500 job opportunities. The manufacturing facility will be the primary site of manufacturing for tenders not only from India, but also for their customers across the Asia-Pacific Region.