Monday, September 15, 2014

Govt Opens up Railway to FDI

The Union Cabinet allowed 100% foreign direct investment (FDI) in the Railways for the first time.This step is intended to raise funds for expansion of the Railways.

High Speed Rail Plan

  • 100% FDI allowed in railway infrastructure segments like electrification, signaling, high speed tracks and suburban,etc.
  • 100% FDI will also be allowed through Special Purpose Vehicle (SPV) route for last mile connectivity.
  • FDI allowed in PPP projects, suburban & high speed lines and freight lines.
  • Such proposals will not have to go through the Foreign Investment Promotion Board.

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