Looking for victories: UPA to allow FDI in Railways?


Lokpal bill already passed, Telangana Bill under process, Communal violence bill up next, Rahul is busy being seen and heard; Congress government in the center is pushing hard to show more victories in the soon to come general elections. As part of the strategy, it may allow 100% FDI in Railways very soon. They hope the move will bring in about one lakh crore rupees into the country. The Railways were among the few areas where FDI was not allowed till now. The bulk of this investment will be allowed mostly to build luggage carrying routes and speed rail networks. Foreign studies have been advising speed rail networks in all major cities of the country with excess of 20 lakh population.

The country has received over 97 thousand crore rupees worth FDIs in year 2013 so far. With the fourth largest network of trainlines in the world, Indian Railways offers huge profit potential to investors.

Medaram Jathara

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