Stadler Rail Management plans unit in Visakhapatnam
Written by : IANS | Tue, Jan 17, 2017, 10:05 AM
Vijayawada, Jan 17: Stadler Rail Management AG is planning to set up a unit in Visakhapatnam, which is expected to create 3,000 jobs, an official statement said here on Monday.
The company's top officials said this when a delegation from Andhra Pradesh led by Chief Minister N. Chandrababu Naidu met them in Zurich, on the first day of their six-day long visit to Switzerland.
Stadler, which provides a comprehensive range of products in the commuter rail and railway segments, has presence in Kancharapara in West Bengal and is looking at Visakhapatnam to locate another unit especially to manufacture spares with aluminium, said the state government statement here.
The delegation also met officials of Trittec company, which makes mosquito nets and meshes. The company evinced interest in setting up of a production unit in Andhra Pradesh.
The company officials informed Naidu that they need 5,000 sq metres of land for setting up of the production unit through which 400 to 500 people would get employed.
From the proposed unit, the company aims to export these meshes to Pakistan, Bangladesh, and Sri Lanka.
Gherzi Corporation, who are specialists in blood plasma fractionation, plans to make investment to the tune of Rs 2,000 crore in Andhra Pradesh, the statement said.
Ratakonda energy systems, a clean energy provider, also plans to set up a 50 MW project in the state.
The company has projects in solar power and information technology in Germany.
Naidu met representatives of European Education and Research Council (EERC) of Germany which plan to integrate research in educational institutions with manufacturing in factories.
The group specialises in the fields of aeronautical, automobile and mechanical engineering, and has interest in setting up automobile clusters.
The Chief Minister informed the representatives that he is keen on bringing in the German technology to Andhra Pradesh, especially in the automobile sector.
Naidu suggested that they could network with the Sri Venkateswara, Andhra and Nagarjuna Universities.
The delegation also called on representatives of Baumgarte Company, a part of the EEARC group and specialists in producing energy from waste.