India’s largest private rail coach factory has been inaugurated at Kondakal village in Rangareddy district near Hyderabad on June 22, 2023. It is built by Medha Servo Drives Private Limited, a Telangana company which designs and manufactures complex electrical and electronic Railway products. In 2017, Medha Group had signed the memorandum of understanding (MoU) with Telangana State Industrial Infrastructure Corporation (TSIIC) to establish a private rail coach factory. The foundation stone for the project was laid in 2020. It has a production capacity of 500 coaches and 50 locomotives per year. Medha Servo Drives has also signed a joint venture agreement with Swiss railway rolling stock manufacturer Stadler Rail for a new rail coach manufacturing factory in Telangana.