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The
Indian rail market worth ranging $11.6 billion (Rs 700 billion) is now
available to global manufacturers and investors, following cabinet
approval for so-called Foreign Direct Invesment (FDI).
Foreign participation allowed by FDI in a
range of activities consisting high-speed, suburban corridor schemes,
signalling, and infrastructure projects, as well as rolling stock
manufacturing, but it eliminates investment in rail functions and
safety. Instructions to foreign investors interested in FDI are being
sustained and will be announced soon. It is expected that the
inculcation of foreign funds and technology will boost the execution of
big projects tender such as the long anticipated scheme to construct electric
and diesel locomotive factories at Madhepura and Marhoura respectively
in the eastern state of Bihar. Requests for proposals (RFP) to construct
the two factories are expected to be published soon.Read complete story at http://www.tendersontime.com/blog-detail/india-permits-foreign-investment-rail-market-265.php
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