Privatisation

With an investment cost of Rs 1,000 crore, manufacturing firm Medha Servo Drives will be setting up a rail coach factory at Kondakal near Hyderabad in Telangana. The foundation stone for the project was laid on August 13 by the Telangana Industries Minister KT Rama Rao. The project, which is lauded as India's largest private-sector rail coach factory, is expected to create 2,200 jobs in the region.