Railways Coach Factory at Latur, Maharashtra
Railways to Set Up A Coach Factory at Latur, Maharashtra
Memorandum of Understanding signed between Ministry of Railways and State Govt. of Maharashtra*
Massively benefit of “Make in India”*
Project to generate direct employment to thousands and manifold indirect employment opportunities*
Boost Industry and Industrial ecosystem of ancillary units in Marathwada*
A Memorandum of Understanding has been signed by Shri B.K. Agrawal, Additional Member (PU), Railway Board and Shri Sanjay Sethi, CEO, MIDC, on behalf of Ministry of Railways and State Govt. of Maharashtra respectively at Mumbai today for setting up a Rail Coach Factory at Latur on the sidelines of Magnetic Maharashtra event in the presence of Hon’ble Union Minister of Railways and Coal, Shri Piyush Goyal and Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis.
This is in pursuance to the high level meeting held between Hon’ble Minister of Railways and Coal and Hon’ble Chief Minister of Maharashtra on 31.1.2018 in Mumbai.
Speaking on the occasion, Shri Piyush Goyal, Hon’ble Minister of Railway and Coal said that the investment of around Rs.500 crore is for the first phase but the larger idea is to explain the much bigger vision which Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis has envisaged. He further added that Maharashtra’s contribution to India is truly remarkable whether it is in the form of taxes, or whether it is in the form of various sectorial growth, whether it is FDI or GDP growth or march towards trillion dollar economy, etc. Indian Railways have made a small contribution towards the development of Marathwada region and this association will go a long way said Shri Goyal.
The work on this project will be done on high priority with fast track processing of all approvals. The approximate cost of the project will be around Rs.500 crore in the first phase with approximate land area of 150 hectares.
State Government shall:
i) provide land on concessional rate
ii) facilitate rail connectivity including land required for it,
iii) concession on local taxes on water, electricity and State GST.
iv) Help in providing road connectivity.
v) Facilitate speedy clearances of all statutory requirements.
Marathwada, the region where Latur lies, is amongst the most backward areas of Maharashtra. Setting up of rail coach factory at Latur will massively benefit ‘Make in India’ concept and likely to bring direct employment to about thousands and manifold indirect employment opportunities.
In addition, it will create an industrial ecosystem of ancillary units, which will help in promoting industry in the drought prone region.