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Indian Railways’ Initiatives to Encourage Foreign Investors

New Delhi: The Ministry of Railways in November, 2014 have issued Sectoral Guidelines for permitting Domestic/Foreign Direct Investment (FDI) in construction, operation and maintenance in the following identified areas:- i) Suburban corridors through Public Private Partnership (PPP), ii) High Speed train projects, iii) Dedicated freight lines iv) Rolling stock including trains sets and locomotive/coaches manufacturing and maintenance facilities v) Railway electrification vi) Signalling system vii) Freight terminals viii) Passenger terminals ix) Testing facilities and laboratories x) Non-Conventional Sources of Energy xi) Railways Technical Training Institutes xii) Concessioning of standalone passenger corridors (branch lines, hill railways etc.) xiii) Mechanized laundry, xiv) Rolling stock procurement, xv) Bio-toilets, xvi) Technological solution for manned and unmanned level crossings, xvii) Technological solutions to improve Safety and reduce accidents. The guidelines will encourage foreign investors for making investment under ‘Make in India’ programme. An ‘Investors Meet’ was also held on 5th December 2014 to encourage foreign investors in making investment. This information was given by the Minister of State for Railways Shri Manoj Sinha in written reply to a question in Lok Sabha today. Indian Railways Run 1158 Superfast Trains. Speeding up of trains is a constant endeavor and continuous process on Indian Railways and is dependent on constant optimization of the investments made by Railways in modernization of technology, high powered locos, modern coaches and better track. Moreover, Linke Hofmann Busch (LHB) Air Conditioned coaches running in service are already fit for 160 Kilometer per hour speed potential.  Further, the introduction of semi high speed trains at 160/200 kmph on the identified corridors has been announced in the Rail Budget 2014-15.  The corridors identified for introduction of semi high speed train are Delhi-Agra, Delhi-Chandigarh, Delhi-Kanpur, Nagpur-Bilaspur, Mysore-Bengaluru-Chennai, Mumbai-Goa, Mumbai-Ahmedabad, Chennai-Hyderabad and Nagpur-Secunderabad.  All technical inputs required for running of commercial service at 160 kmph on New Delhi-Agra corridor have been given and the corridor is ready for introduction of such service.  The feasibility study of speed raising on Chennai-Bangalore-Mysore corridor is being taken up under co-operation agreement with China.

About Sanjay Trivedi

Sanjay Trivedi is honorary editor of Asia Times. He is senior Indian Journalist having vast experience of 25 years. He worked in Janmabhoomi, Vyapar, Divya Bhaskar etc. newspapers and TV9 Channel as well as www.news4education.com. He is serving as Media Officer in Gujarat Technological University, the university which controlling 440 colleges of Engineering, Management, Pharmacy & Architecture colleges in Gujarat.

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