The Indian arm of China-based rolling stock and components making company, CRRC Nanjing Puzhen, is setting up its metro coach manufacturing plant at Sri City in Andhra Pradesh at an initial investment of around ₹350 crore. The plant will be built on a plot of 45.3-acre and will be commissioned by the end of this year. It will manufacture rolling stock (coaches) for metro projects by Bengaluru Metro Rail Corporation (BMRCL), Delhi Metro Rail Corporation (DMRCL), Mumbai Metropolitan Region Development Authority and Chennai Metro Rail Corporation (CMRCL). The company has already bagged a contract for supplying 216 metro cars for the BMRCL project, with over 75% local manufacturing and over 50% local content. CRRC India, the subsidiary of the Chinese parent, will increase the local manufacturing to 90% in future projects. Apart from this, by playing an active role as world factory of CRRC, the Sri City plant will undertake export order to West Asia and Africa in future. Zeng Yao Zheng, chairman of CRRC India, said that they had preferred Sri City for the production unit as it is one of the best and well-planned industrial hubs in India.
📅Published on:
12 March 2021
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