Chinese rolling stock and components conglomerate CRRC Nanjing Puzhen is setting up its metro coach manufacturing plant at Sri City in Andhra Pradesh at an initial investment of around Rs 350 crore.
The plant, for which the ground breaking ceremony was held recently, will be built on a plot of 45.3 acre and will be commissioned by the year-end. The project, aimed at generating employment for over 500 people, 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 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.
Ravindra Sannareddy, founder MD, Sri City, said,”It is the second groundbreaking event during the new year, and CRRC is the 13th Chinese company in Sri City. We are very happy to have yet another major unit in the automotive sector, which is the world’s largest producer of metro coaches. Their entry in Sri City assumes greater significance, as it would increase the production capacity of metro coaches in the country.”
CRRC Nanjing Puzhen is the world’s largest supplier of rail transit equipment with the most complete product lines and leading technologies. Besides China, CRRC has a manufacturing presence in the US, Argentina, Malaysia and UK, and are embarking their first manufacturing foray in India with Andhra Pradesh, in Sri City.