India permits 100 percent FDI in railway sector
Published: Mon, 2014-12-15 08:59- Likes 1
The Government of India recently granted permission for 100 percent Foriegn Direct Investment (FDI) in construction, operation and maintenance work in railway sector.
These projects include suburban corridors through Public Private Partnership (PPP), high speed train projects, railway electrification, signalling system, freight terminal, passenger terminal, mass rapid transport system, infrastructure in industrial park pertaining to railway line/siding and rolling stock including trains sets and locomotive/coaches manufacturing and maintenance facilities.
This information was provided by the Minister of State for Railways Manoj Sinha.