Will help Generate Employment Opportunities and Economic Development in the Marathwada Region, one of the most Backward Parts of Maharashtra
A high level meeting was held today between Union Minister for Railways and Coal, Shri Piyush Goyal and Chief Minister of Maharashtra, Shri Devendra Fadnavis in Mumbai, to discuss the setting up of a massive rail coach factory in Latur, Maharashtra by Indian Railways. This plant would manufacture Electric Multiple Units for suburban trains and coaches for metros.
Work on this project will be done on high priority with fast track processing of all approvals. Maharashtra Government has offered several concessions including in land, taxes and etc.
Marathwada, the region where Latur lies, is amongst the most backward areas of Maharashtra. There have been few central government projects in this region. This will massively benefit ‘Make in India’, and bring employment to a large number of people. In addition, it will create an industrial ecosystem in the drought prone region boosting shift from agriculture to industry. It may be noted that the region suffers from heavy migration to other parts of the country.