Fdi In Railways

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  Alstom Delivers 100th Electric Locomotive As Part Of Biggest FDI In Indian Railways

  With the FDI project and the contract won by Alstom, India has now become the sixth country, joining the league of nations that produce high horsepower locomotives indigenously.

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  Biggest FDI In Indian Railways: India Becomes Sixth Country To Produce Indigenous Locos

  Alstom bagged a contract worth "3.5 billion from Indian Railways to supply 800 double-section electric locomotives of 12,000 HP capable of hauling almost 6000 tonnes at a speed of 120 kmph

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  Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman

  Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...

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  Indian Railways To Get First High-Speed Electric Locomotive: 5 Facts

  Indian Railways is all set to add the first high-speed electric locomotive to its list of transport vehicles. The electric locomotive, with a 12,000 horsepower (HP), will be flagged off from Bihar's Madhepura loco factory by Prime Minister Narendra Modi on Tuesday. Till now, the most powerful electric engine in India was of 6,000 HP. With the launc...

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  Railways Attracts $60 Million FDI In 6 Months

  The foreign direct investment (FDI) in the railways between September 2015 and February this year stood at $59.81 million, the Lok Sabha was informed on Wednesday.

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  Railway Plants in Bihar to Boost Manufacturing, Jobs: Arun Jaitley

  Marking the first big FDI in the railway sector, the Indian Railways today signed Rs 40,000-crore contracts with GE and Alstom to set up two locomotive plants in Bihar with a view to boosting manufacturing and employment in the state.

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  Transparent System for Private Investment in Railways: Minister

  Railways has opened for 100 per cent FDI more than a dozen areas including station development, installation of bio-toilets, setting up of laundries and cleaning of trains and stations.

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  Green Signal for Two Big-Ticket FDI Proposals in Railways

  Ending the suspense over the fate of Madhepura electric locomotive plant and Marhora diesel locomotive plant, Railways has finalised the financial bidding for the high-value joint venture projects after considerable delays, re-thinking and prolonged due diligence amid repeated revision of bidding documents.

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  Indian Railways Already Heading For Privatization: Congress

  Terming as bluff Prime Minister Narendra Modi's assertion that Indian Railways will not be privatized, the Congress on Monday said it is already headed for it in view of the cabinet's green signal to 100 per cent FDI in railways.

• RBI Notifies New FDI Policy for Defence, Railways Infrastructure

  The Reserve Bank of India (RBI) on Monday notified the government's decision to increase foreign investment ceiling in defence and permitting 100 per cent FDI in railways infrastructure.

• Railways Eyeing Private Players & Foreign Funding: Sadananda Gowda

  Railways is also keen to modernise railway stations with the help of private players. They are also prepared to lease out its properties for 30-35 years, but a share should be given to the Railways, he said.

• Titagarh Wagons, Texmaco Soar on Rail FDI Relaxation

  The government has allowed 100 per cent FDI in Railway Infrastructure, high speed train project. The government has also allowed 100 per cent FDI in rolling stocks including train sets.

• Government Notifies FDI Liberalisation in Railways

  The government on Wednesday notified liberalised foreign direct investment (FDI) norms for the Railways, permitting 100 per cent FDI through automatic route in several areas, including high speed trains.

• Security Committee to Clear FDI Proposals in Railway Beyond 49% in Sensitive Areas: Report

  The government has imposed certain restrictions on FDI in railways for projects in "sensitive areas" by stipulating that proposals seeking overseas investments beyond 49 per cent will be cleared by the Cabinet Committee on Security.

• India Inc Lauds Modi Government's Push for Economic Reforms

  Welcoming the governments nod to a higher foreign direct investment (FDI) in defence and opening up the railways infrastructure sector, India Inc on Thursday said the move reflects the Narendra Modi-led government's resolve to usher in economic reforms.