France’s Alstom will spend €30 million to develop the 156 acre Sri City facility in southern state of Andhra Pradesh. The project will bring in new technology and engineering capabilities that could help make modern metro trains locally. The project will also eventually attract investments in India by Alstom’s global vendors.
“The Sri City factory is not only to cater to our operations in India but also to the rest of the world; we are pushing our global footprint towards the fastest growing markets that includes India, Latin America and the Middle East,” according to Henri Poupart Lafarge, President, Alstom’s transport business.
The first set of rolling stock is expected to roll out in January, 2014.