FICCI welcomes 100 percent FDI in railways
The Federation of Indian Chambers of Commerce and Industry (FICCI) Thursday welcomed the government's decision to allow 100 percent foreign direct investment (FDI) in railway infrastructure.
"This overdue measure will help railways in mobilizing investments required for introducing high speed trains, suburban corridors and dedicated freight line projects," FICCI president Sidharth Birla said.
"It has happened at a time when the existing rail network and Indian Railways need funds to modernize and expand capacity to serve fast-growing needs of the economy," he said in a statement.
Foreign capital was not allowed into the railways till now.
The Narendra Modi government is keen to build infrastructure projects in the railways.
Officials say this is not possible without private participation. Chinese and Japanese firms are said to be keen to help build rail infrastructure.
(Posted on 07-08-2014)
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: