Monday, 25 May 2015

FDI IN RAILWAY SECTOR

FDI IN RAILWAY SECTOR
Reserve Bank of India vide notification dated 8th December 2014, has permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. Accordingly, it has been decided to permit FDI in the following activities of the Railway Transport sector:
“Construction, operation and maintenance of the following:
Suburban corridor projects through PPP,
High speed train projects,
Dedicated freight lines,
Rolling stock including train sets, and locomotives/coaches
manufacturing and maintenance facilities,
Railway Electrification,
Signaling systems,
Freight terminals,
Passenger terminals,
Infrastructure in industrial park pertaining to railway line/sidings
including electrified railway lines and connectivities to main
railway line and
Mass Rapid Transport Systems.
Further, FDI beyond 49% of the equity of the investee company
in sensitive areas from security point of view will be brought
before the Cabinet Committee on Security (CCS) for
consideration on a case to case basis.”

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