Chinese Company starts work on Rs 350 cr unit in Sri City

CRCC

CRRC India, a subsidiary of the Chinese rolling stock and components conglomerate Nanjing Puzhen Co., Ltd., recently hosted the ground breaking ceremony at Sri City, marking the start of construction of its metro coach manufacturing plant.

This unit is being built on a plot of 45.3 acre in the Domestic Tariff Zone (DTZ) with an initial investment of around Rs. 350 crore.

To commissioned by the year end the project is expected to generate employment for over 500 people and will manufacture rolling stock (coaches) for metro projects in the country, viz., Bengaluru Metro Rail Corporation Limited (BMRCL), Delhi Metro Rail Corporation Limited (DMRC), Mumbai Metropolitan Region Development Authority (MMRDA), and Chennai Metro Rail Corporation Limited (CMRCL).

The company has already bagged a contract of supplying 216 metro cars for BMRCL Project, with over 75% local manufacturing and over 50 per cent local content stated an official release from Sri City. 

Sri City is a shining jewel in the industrial crown of AP. With the coming of CRRC, AP will now be supplying 70 to 80% of the requirements of metro projects in the country.                                                                                      — Mr K. Raveen Kumar Reddy, IRTS,                 Vice Chairman & MD, APIIC

Addressing the gathering through virtual mode, Mr. Zeng Yao Zheng, Chairman, CRRC India lauded Sri City for being one of the best and well planned Industrial hubs in India and thus their reason for coming to Sri City.

He also thanked the Indian government and AP state government for giving them an opportunity to start operations in India.

“We at CRRC India are committed to serve the socio, economic development of the local area, and to actively explore the ‘Five Locals’ model, viz., local operation, localised procurement, local service, local manufacture, and local employment. With the implementation of this unique model, there will be a positive impact on economic development of the region, we are very eager to serve India with our products,” said the Chairman CRCC.

Citing Sri City to be a shining jewel in the industrial crown of AP, Mr K. Raveen Kumar Reddy, IRTS, Vice Chairman & Managing Director of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) said “We are very happy to have the very first unit of CRRC in Andhra Pradesh. With the presence of two major metro rolling-stock manufacturing units, viz., Alstom and CRRC, in Sri City, AP will be supplying 70 to 80 percent of the requirements of metro projects in the country.

CRRC is the 13th Chinese company in Sri City. We are very happy to have yet another major unit in the automotive sector, which is the world largest producer of metro coaches.                                                                                                           — Mr. Ravindra Sannareddy,                                      Sri City, MD.

Sri City’s MD, Mr. Ravindra Sannareddy highlighted that CRRC is the 13th Chinese company in Sri City.

‘We are very happy to have yet another major unit in the automotive sector, which is the world largest producer of metro coaches’ said Mr Sannareddy.

The China based CRRC Nanjing Puzhen Co., Ltd., is the world’s largest supplier of rail transit equipment with the most complete product lines and leading technologies. Its revenues were USD 37.8 billion, ranking at 266 on the Fortune Global 500 List. R&D investment was EUR1.408 billion, ranking at 96 among the world’s top 2,500 R&D investors.

 

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