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FDI in railways News

01 Sep 2015

FDI in railways: GE, Alstom ahead in race for bagging loco projects in Bihar

GE and Alstom are believed to be ahead of other bidders in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar that are among the top eight infrastructure initiatives which are being monitored by the PMO.

31 Aug 2015

FDI in railways: Three global cos bid for setting up loco factory

Marking first major FDI offer in the railways, three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost of nearly Rs 1300 crore.

17 Mar 2015

Rs 8.5 lakh cr to be pumped into Railways over 5 years: Suresh Prabhu

Laying emphasis on capacity expansion, decongestion of network and passenger safety, Railway Minister Suresh Prabhu Tuesday said a massive Rs 8.5 lakh crore would be pumped in over the next five years to make it a viable organisation and bring back the road traffic.

12 Mar 2015

LS passes Rail Budget; Govt wants a massive hike in investment

The Rail Budget for 2015-16 was passed by the Lok Sabha Thursday with Railway Minister Suresh Prabhu making a strong pitch for a massive hike in investment for the Railways.

Indian Railways

10 Jan 2015

Union opposes FDI in Railways, threatens indefinite strike

The National Federation of Indian Railwaymen (NFIR) has vehemently opposed the Centre's proposal for FDI in Railways and threatened to go on indefinite strike in June this year.

Indian Railways

22 Dec 2014

Prabhu allays privatisation fear, seeks private investment in railways

In the backdrop of railway unions voicing stiff opposition to any possibility of privatisation in the rail sector, Railway Minister Suresh Prabhu Monday allayed the apprehension, saying there should not be any misgiving on it.

Indian Railways

12 Nov 2014

Railways allows 100% FDI in setting up of bio-toilets, laundry facility

Railways has identified toilets as one of the 17 special areas where 100 percent foreign and private investment can bring about major investments.

Indian Railways

28 Aug 2014

Rail stocks end with up to 5% gains as Govt notifies FDI norms

Rail stocks Thursday ended with as much as 5 percent gains after the government notified liberalised FDI norms for the sector, permitting 100 percent foreign direct investment through automatic route in several areas, including high speed trains.

28 Aug 2014

Rail stocks surge up to 14% as govt notifies FDI norms

Rail stocks on Thursday gained as much as 14.3 percent after the government notified liberalised FDI norms for the sector, permitting 100 percent foreign direct investment through automatic route in several areas, including high speed trains.

25 Aug 2014

Bombardier's Savli facility to be export hub

Created at an investment of Rs.230 crore Bombardier Transportation will develop its Savli facility near Vadodra in Gujarat as an export hub to service orders of USD2.7 billion for commuter cars and bogies from various parts of the world, including Australia and Brazil, the company has said.

07 Aug 2014

India Inc lauds Modi govt's push for economic reforms

Industry bodies said the decisions will help attract much-needed capital, create jobs, encourage collaboration and benefit cash-starved SMEs.

FDI in railways

07 Aug 2014

Cabinet clears 100% FDI in Railways infrastructure, 49% in defence

The decisions were taken at the Cabinet meeting headed by Prime Minister Narendra Modi, sources said.

FDI in railways

06 Aug 2014

Cabinet approves FDI liberalisation in railways infra and defence

The Union Cabinet on Wednesday approved liberalisation of FDI in railways infrastructure and defence sectors.

Indian Railways

22 Jul 2014

Govt allays fears over FDI in Railways

Describing the PPP mode as a necessity, Government on Tuesday allayed apprehensions over allowing FDI in the Railways and said it will help big ticket projects like high-speed corridors and freight corridors.

FDI in railways

20 Jul 2014

FDI in Railways: Cabinet likely to take decision this week

The Cabinet note has already been sent to the Cabinet Secretariat and a decision on the proposal is likely this week, sources said.

Economic Survey

09 Jul 2014

Economic Survey 203-14: FDI in railways should be examined carefully, quickly

Noting that FDI and privatisation in railway sector could be the next big ticket reforms, the Economic Survey today said the government's proposal to relax FDI in railways should be examined carefully and quickly.

08 Jul 2014

India Inc gives thumps up to Rail Budget

Terming the rail budget as growth- oriented, India Inc on Tuesday said the emphasis on forging public-private-partnerships and attracting FDI will give a boost to infrastructure development and generate jobs.

Sadananda Gowda

09 Jul 2014

Gowda proposes FDI, private investment, PPP projects in Rail budget

Having already effected a steep hike, the railway budget for 2014-15 spared passengers of any fresh revision in fares and freight rates but pitched for reforms by proposing private and Foreign Direct Investment and Public Private Partnership (PPP) to meet the resource crunch.

FDI in railways

06 Jul 2014

FDI in Railways: Home Min red flags sensitive areas

The Home Ministry has raised objections in allowing foreign direct investment in highly- sensitive areas of the Railways sector, saying such a move may compromise security of the country's largest transportation network.

railways sector

04 Jul 2014

Encourage foreign investment in railways sector: Assocham

The government should develop infrastructure and encourage foreign investment in the railways sector, trade body ASSOCHAM has said.

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