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FDI: Entry and ownership rule
In a bid to improve public infrastructure, the government of India liberalised foreign access to a range of railway services in Augst 2014.
On 27 August 2014, the Indian Department of Industrial Policy and Promotion through Press Note No. 8 (2014 series) allowed up to 100% FDI in the railway infrastructure sector for the following projects -
No approval is required for investment into these projects except an intimation to the Reserve Bank of India. In case of foreign investments of more than 49% in an area with security concerns, an approval will be required from the Cabinet Committee on Security.
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