Friday, 7 April 2017

FDI in Railways

Government of India in August, 2014 notified the following areas for Foreign Direct Investment (FDI):  (i) Suburban corridors through Public Private Partnership (PPP); (ii) High speed train projects; (iii) Dedicated freight lines; (iv) Rolling stock including trains sets and locomotive/coaches manufacturing and maintenance facilities;  (v)  Railway electrification; (vi)  Signaling system; (vii) Freight terminal; (viii) Passenger terminal; (ix) Infrastructure in industrial park pertaining to railway line/siding; (x) Mass Rapid Transport System.

Two locomotive factories at Madhepura (Electric) and Marhowra (Diesel) costing about ₹ 2600 crore entailing Foreign Direct Investment (FDI) inflow in Rolling stock manufacturing have already been awarded to Alstom and General Electric (GE) respectively in 2015.

 FDI in strengthening and modernising of railway network indirectly contributes to safety improvement.

   This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha on 07.04.2017 (Friday).


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