FDI IN RAILWAY SECTOR
Reserve Bank of India vide notification dated 8th December 2014, has permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. Accordingly, it has been decided to permit FDI in the following activities of the Railway Transport sector:“Construction, operation and maintenance of the following:
- Suburban corridor projects through PPP,
- High speed train projects,
- Dedicated freight lines,
- Rolling stock including train sets,
- and locomotives/coaches manufacturing and maintenance facilities,
- Railway Electrification,
- Signaling systems,
- Freight terminals,
- Passenger terminals,
- Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivities to main railway line and
- Mass Rapid Transport Systems.
Further, FDI beyond 49% of the equity of the investee company in sensitive areas from security point of view will be brought before the Cabinet Committee on Security (CCS) for consideration on a case to case basis.”
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