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India eyes FDI in railways

BANGALORE
India is set to open its state-run railways for foreign direct investment (FDI) to expand its network and modernise its operations, Commerce and Industry Minister Anand Sharma said here Monday.

“We are looking at opening up FDI in railways, while it has been increased in the defence sector to 49 percent from 26 percent with technology transfer,” Sharma told reporters on the sidelines of a trade meet.

As one of the world’s largest transport networks, covering 65,000 km and 7,500 stations, the railways ferries 25 million passengers daily in about 11,000 trains across the country.

Full report here Business Standard 

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