An MoU to the effect was signed here today in the presence of state Industries Minister K T Rama Rao.
The factory would create more than 2,000 direct and indirect employment opportunities in the state, the release said.
Though Telangana was promised a rail coach factory as per the AP Reorganisation Act, it has not become a reality, the release quoted Rao as saying.
He expressed happiness with the factory taking shape now, it said.
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