India opens up its rail sector to foreign investment

India_4364622053cd2dd19db6bThe Union Cabinet of India approved 100 per cent foreign direct investment (FDI) in railway infrastructure. The proposals are likely to allow for FDI in the following categories in the railway sector in India: high-speed rail projects; dedicated freight corridor; port connectivity; passenger and freight terminals; signalling systems; electrification; and manufacturing and maintenance of rolling stock. However, the FDI is restricted to railways infrastructure only and it does not extend to train operations.

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