The Ministry of Railways has decided to set up of a massive rail coach factory in Latur district i.e. in Marathwada region of Maharashtra. It will help to generate employment opportunities and bring economic development in Marathwada region which is one of the most Backward Parts of Maharashtra.
This plant will manufacture Electric Multiple Units for suburban trains and coaches for metros. Work on this plant will be done on high priority with fast track processing of all approvals. Maharashtra Government has offered several concessions for this project including in land, taxes and etc.
This project will massively benefit ‘Make in India’ initiative and bring employment to large number of people. In addition, it will create industrial ecosystem in drought prone region of Marathawada, boosting shift from agriculture to industry.
Marathwada region where Latur lies is amongst most backward areas of Maharashtra. It may be noted that the region suffers from heavy migration to other parts of the country. There have been few central government projects in this region.