Swiss firm Stadler to set up rail coach unit at Vizag

Chandrababu rolls out red carpet to industrialists in Zurich

​Amaravati: Switzerland manufacturing company Stadler Rail AG has come forward to set up a locomotive and rail coach manufacturing unit in Visakhapatnam.

Chief Minister Chandrababu Naidu, who is on a visit to Switzerland, met Stadler executives in Zurich. "The Chief Minister, during his talks with Stadler executives, invited them to set up their manufacturing unit in AP and they consented to it," a CMO release said.

"We have plans to expand (our operations) in India and the USA. We plan to make India the southeast Asian hub for manufacturing rail coaches and locomotives," the release quoted Stadler executive vice-president Peter Jenelten as telling Naidu. The CM explained the seacoast advantage and other natural resources for setting up of industries in Andhra Pradesh.

Peter sought land and other facilities for establishing the new unit and added that nearly 3000 would get employment in the new unit.

He said that the company also has plans to start new spare parts division by taking in to consideration of marketing opportunities in the country.

The CM responded to the proposals positively and explained the business opportunities in the state. As many as two metro railway projects would be initiated soon, he said.

Naidu also took part in a meeting with German based European Education and Research Council. The company has interest to work with Indian Universities and wants to open research centres.

EEARC founder Raj Vangapandu met the CM and discussed developmental issues with him. Naidu has evinced interest on German technology in automobile sector.

He invited them to start a network with Andhra University and Nagarjuna University. He asked them to open their centre in Amaravati.