The Foreign Direct Investment (FDI) in the railways between September 2015 and February this year stood at USD 59.81 million, the Lok Sabha was informed today.
As per data compiled by Department of Industrial Policy and Promotion (DIPP), the quantum of FDI during September 2015 to February this year is USD 59.81 million, Minister of State for Railway Manoj Sinha told the Lok Sabha in a written reply.
He said agreements have been signed between Railways and Joint Venture Company for setting up of two locomotive factories at Madhepura (Electric) and Marhowra (Diesel) in Bihar costing about Rs 2600 crore entailing FDI inflow in rolling stock manufacturing.
While precise amount of FDI further expected can not be predicted or quantified, potential projects involving FDI include Dankuni and Kancharapara rolling stock factories and annuity projects of third line between Wardha-Nagpur, Kazipet-Vijaywada and Bhadrak-Nargundi.
Railways has notified sectoral guidelines on FDI and nominated PPP cell of the Ministry as the FDI facilitation cell.
