ANNOUNCEMENT 27 Aug 2014

In August 2014, the government of India announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 27 Aug 2014 | Removal date: open ended
Still in force

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 - 

  1. Suburban corridor projects through Public Private Partnership
  2. High Speed train projects
  3. Dedicated freight lines
  4. Rolling stock including train sets and locomotive/coaches manufacturing and maintenance facilities
  5. Railway electrifications
  6. Signaling systems
  7. Freight terminals
  8. Passenger terminals
  9. Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivities to main railway lines
  10. Mass Rapid Transport Systems

 
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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A