Dec 17, 2016

FDI in Railways

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Two locomotive factories at Madhepura (Electric) and Marhowra (Diesel) costing about Rs.2600 crore entailing Foreign Direct Investment (FDI) inflow in Rolling stock manufacturing have already been awarded to Alstom and General Electric (GE) respectively in 2015.
Government is pursuing modernisation and strengthening of rail network and development of rail-related industries through infusion of foreign equity and technology leading to growth in manufacturing and enhancing competitiveness.

This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha