FDI In Railways

indianrailways
indianrailways

Minister of State for Railways Shri Manoj Sinha has informed that as per data compiled by Department of Industrial Policy & Promotion (DIPP), the quantum of Foreign Direct Investment (FDI) in Railway related components during the last six months (from September, 2015 to February, 2016) is US $ 59.81 million.

Agreements have been signed between Ministry of Railways and Joint Venture Company for setting up of two locomotive factories at Madhepura (Electric) and Marhowra (Diesel) costing about ₹ 2600 crore entailing FDI inflow in Rolling stock manufacturing.

While precise amount of FDI further expected can not be predicted or quantified, potential projects involving FDI include: Dankuni and Kancharapara rolling stock factories and BOT- annuity projects of 3rd line between Wardha-Nagpur, Kazipet-Vijaywada and Bhadrak-Nargundi.

Ministry of Railways have notified Sectoral guidelines on FDI and nominated PPP cell of the Ministry as the FDI facilitation cell.

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