Government mulling entry of foreign funds into railways: Mallikarjun Kharge
Railway Minister Mallikarjun Kharge Wednesday said the government is considering a proposal to allow the entry of foreign direct investment (FDI) in the railways for creation of infrastructure.
"Apart from attracting private investments from domestic investors in the rail sector, a proposal is under consideration of the government to enable foreign direct investment (FDI) to foster creation of world class rail infrastructure," Kharge said in his maiden rail budget speech.
Presenting the interim rail budget for the next fiscal in the Lok Sabha, the lower house of parliament, the minister said investment in railways is being stepped up under the public private partnership (PPP).
Under the PPP route, projects like rolling stock manufacturing, modernisation of railway stations and dedicated freight corridors, among other schemes, are in the pipeline in the 12th plan period.
The minister added that rail land development authority, which was set a challenging target of raising Rs.1,000 crore in 2013-14 budget, is on course to completing its traget and has already raised Rs.937 crore.
(Posted on 12-02-2014)
Information on States of India:
Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal
INDIA REGIONAL MAPS:
Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |
KERALA TRAVEL MAPS:
TRAVEL MAPS OF INDIA:
INDIA CITY MAPS: