In a bid to tap private investment, railways said some new policies are in the offing to attract funds as the government has simplified the procedure to remove hurdles in doing business with investors.
“We are framing new policies to attract private investment and it will be publicised soon,” Minister of State for Railway Manoj Sinha said at a seminar. He said railways have finalised five PPP models. “We have prepared five PPP models for the industry. You can work in station development, freight terminal, port connectivity or new line as these areas are open for PPP investments.
On foreign direct investment (FDI) in the rail sector, he said, “Now 100 per cent FDI is allowed in railways. Barring operation, FDI is allowed in eight areas including high speed, dedicated freight line and suburban trains.”
Source: http://economictimes.indiatimes.com
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