Indian Railways’ Initiatives to Encourage Foreign Investors for Making Investment Under 'Make In India' Programme

Introduction

The Ministry of Railways in November, 2014 have issued Sectoral Guidelines for permitting Domestic/Foreign Direct Investment  (FDI) in construction, operation and maintenance in the following identified areas:-

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) Signalling system vii) Freight terminals viii) Passenger terminals ix) Testing facilities and laboratories x) Non-Conventional Sources of Energy xi) Railways Technical Training Institutes xii) Concessioning of standalone passenger corridors (branch lines, hill railways etc.) xiii) Mechanized laundry, xiv) Rolling stock procurement, xv) Bio-toilets, xvi) Technological solution for manned and unmanned level crossings, xvii) Technological solutions to improve Safety and reduce accidents.

The guidelines will encourage foreign investors for making Investment under ‘Make in India’ programme. An ‘Investors Meet’ was also held on 5th December 2014 to encourage foreign investors in making investment.

This information was given by the Minister of State for Railways Shri Manoj Sinha in written reply to a question in Lok Sabha today.

Source

India Brand Equity Foundation, December 23, 2014