China Metro Rail Coach Factory in Sri City
At Sri City Sez in Andhra Pradesh, another large metro train coach manufacturing industry is to be set up. The unit is being set up by CRRC India, a Chinese subsidiary of CRRC, with an investment of Rs 350 crore in 45.3 acres. On Wednesday, a Bhoomi Puja was held. With this unit, about 500 people will be employed.
Amid allegations of investors running away in investing capital in AP, this news is a boon for the government. And that too, at the time of municipal elections, will be an added advantage to the state government especially in that particular territory. The candidates whoever contesting in that particular territory can ask for votes without an iota of hesitation if any municipal constituency nearby.