Indian Railways Gets 100% FDI In 17 Key Areas

Source:  trak.in

Indian Railways, which is facing a severe cash crunch to the tune of Rs 30,000 crore every year, received a major financial boost as 100% Foreign Direct Investment (FDI) is now allowed for developing infrastructure and improving safety features.

The Railway Board and a Cabinet Panel has identified 17 key areas where this FDI can be used.

Ever since its origin, Indian Railways had always been shut off from receiving any kind of FDI, considering security risks involved. But in August this year, cabinet cleared FDI provision in the Indian Railways, and yesterday, the important areas were finally identified and notified to the general public.

It is expected that these new guidelines can attract upto Rs 90,000 crore FDI into Indian Railways.

Among others suggestions, proposal to build Bio-toilets in passenger coaches and mechanized / automated laundry system at every station are the ones which are getting huge attention, as the plans were in the pipeline since ages, but due to lack to funds the plans were never implemented.

You can access the guidelines, conditions and more details about the 17 key areas right here.

Ilustration photo by Herold – Mumbai central railway station

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