Foreign Investment For Technological Up-gradation And Modernization In Railways
In the Foreign Direct Investment (FDI) policy effective from 28.08.2017, FDI in following activities of Railway Infrastructure sector has been allowed on an automatic route:-
(i) Suburban corridor projects through PPP,
(ii) High-speed train project;
(iii) Dedicated freight lines;
(iv) Rolling stock including train sets and locomotives/coaches manufacturing and maintenance facilities;
(v) Railway Electrification;
(vi) Signalling systems;
(vii) Passenger terminals;
(ix) Infrastructure in industrial part pertaining to railway line/sidings including electrified railway lines and connectivities to main railway line; and
(x) Mass Rapid Transport Systems.
There is no proposal to privatise any area of operation of Railways. However, Public-Private Partnerships and out-sourcing of certain facilities like cleaning, pay and use toilets, retiring rooms, parking etc. is done on the need-based manner to improve efficiency.
This information was given by the Minister of State of Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha.