May 15 2016 | India Opportunities

FDI IN RAILWAYS

Minister of State for Railways Manoj Sinha has informed the Lok Sabha recently about FDI in railway projects. He has informated 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 Rs.2600 crore entailing FDI inflow in Rolling stock manufacturing. The 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.