Telangana Chief Minister K. Chandrasekhar Rao on Saturday inaugurated an Rs.300 crore bus manufacturing plant in Medak district.
Set up by Deccan Auto Limited, the plant, which is located at Kodakachani village about 45 KM from state capital, has the capacity to manufacture about 3000 buses per year. Situated in 75 acre-plot, the first phase of the unit is constructed in 18 acres land with a carpet area of 2, 00,000 sft. Company officials said the capacity would be doubled in a year. The company has the employment potential of about 5000 jobs.
Deccan Auto is established with a technical support from Chinese auto major, Jhongtong, which exports vehicles to more than 30 countries worldwide.
Company chairman M.S.R.V. Prasad said the facility would serve both domestic and export markets in Asia and Africa.
Speaking on the occasion, Chandrasekhar Rao said the Telangana State Road Transport Corporation (TSRTC) would acquire buses from Deccan Auto. He said the state is committed to make power available round-the-clock to the industrial units.
