Swiss firm Stadler to set up rail coach unit in Vizag, says Andhra Pradesh CMO

Switzerland-headquartered Stadler Rail AG has come forward to set up a locomotive and rail coach manufacturing unit in Visakhapatnam district, the Andhra Pradesh Chief Minister’s Office today said.

The Committee, headed Andhra Pradesh chief minister Chandrababu Naidu, also recommended abolition of merchant discount rate (MDR) to make digital payments cheaper than cash. (Reuters)
The Committee, headed Andhra Pradesh chief minister Chandrababu Naidu, also recommended abolition of merchant discount rate (MDR) to make digital payments cheaper than cash. (Reuters)

Switzerland-headquartered Stadler Rail AG has come forward to set up a locomotive and rail coach manufacturing unit in Visakhapatnam district, the Andhra Pradesh Chief Minister’s Office today said. Chief Minister Chandrababu Naidu, who is on a visit to Switzerland, met Stadler executives in Zurich.

The CMO, in a release on Chandrababu’s visit to Zurich, however, came out with a misleading statement that Stadler already has a manufacturing unit in Kanchrapara, West Bengal and that the proposed Visakhapatnam unit would be its second in India.

“The Chief Minister, during his talks with Stadler executives, invited them to set up their manufacturing unit in AP and they consented to it,” the release claimed.

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First published on: 16-01-2017 at 22:31 IST