Siemens Rolling Stock, a 100 per cent subsidiary of Siemens, today said it has set up a bogie plant with an investment of Rs 200 crore at Aurangabad in Maharashtra. The factory will manufacture high-performance and superior quality bogies for locomotives, passenger coaches, electric multiple units and metros, the company said in a statement here.

"Our new plant at Aurangabad was envisaged, keeping in mind the tremendous growth potential of the Indian rail infrastructure segment. India has emerged as the preferred destination for us, as we continue to build and bring technology-intensive manufacturing plants of international standards to India," Siemens Managing Director Armin Bruck said.

Siemens will provide the latest bogie solutions for the Indian as well Asian markets. The factory has the capacity to manufacture about 800 customised bogies per year, with scope for expansion to suit the market requirement.

It will provide direct employment to about 250 people and indirect employment to about 1,000 people. The plant has been set up in technological collaboration with the Siemens AG bogie facility at Graz, Austria, the statement said.

"This bogie factory is the first outside Europe and the US and enables us to offer our customers localised products at highly competitive rates," Bruck said.