Nagpur: A renowned Chinese company China Railways and Rolling Stock Corporation (CRRC) will manufacture rolling stocks like metro coaches and other railway coaches at Butibori in Nagpur. Maharashtra Government will sign a Memorandum of Understanding (MoU) with CRRC on Saturday (October15) at 6.30pm at Hotel Radisson Blu in presence of Chief Minister Devendra Fadnavis and Union Minister for Surface Transport Nitin Gadkari.
Chinese company will invest around Rs 1,500 crore in Nagpur for manufacturing unit and supply the rolling stock over more than 50 upcoming metro railways in various parts of the country. This would be first unit of rolling stock manufacturing in Maharashtra. Brijesh Dixit, Managing Director of Nagpur Metro Rail Corporation Limited (NMRCL) recently signed an agreement with CRRC for supply of rolling stock for Nagpur Metro Rail. The Chinese company will require almost 100 hectare land in Butibori Industrial Estate for manufacturing unit. This will generate direct and indirect employment for hundreds of unemployed youths in city as well as in the region. The project will give another boost to the industrial sector of backward Vidarbha region.