Consolidated FDI Policy Circular of 2020

Paragraph 5.2.16 Railway Infrastructure

Chapter: 5 · Sector Specific Conditions on FDI
Text as on: As issued 15 October 2020; Press Notes since are not applied

5.2.16 RAILWAY INFRASTRUCTURE

Sector/Activity % of Equity/ Entry Route FDI Cap

Railway Infrastructure 100% Automatic

Construction, operation and maintenance of the following:

(i) Suburban corridor projects through PPP, (ii)

High speed train projects, (iii) Dedicated freight

lines, (iv) Rolling stock including train sets, and

locomotives/coaches manufacturing and

maintenance facilities, (v) Railway Electrification,

(vi) Signaling systems, (vii) Freight terminals, (viii)

Passenger terminals, (ix) Infrastructure in industrial

park pertaining to railway line/sidings including

electrified railway lines and connectivities to main

railway line and (x) Mass Rapid Transport

Systems.

NOTE:

(i) Foreign Direct Investment in the abovementioned activities open to private sector

participation including FDI is subject to sectoral guidelines of Ministry of Railways.

(ii)Proposals involving FDI beyond 49% in sensitive areas from security point of view,

will be brought by the Ministry of Railways before the Cabinet Committee on Security (CCS) for consideration on a case to case basis.

FINANCIAL SERVICES

Foreign investment in other financial services, other than those indicated below, would require prior approval of the Government.

5.2.16 RAILWAY INFRASTRUCTURE

Sector/Activity                                % of Equity/  Entry Route
                                                           FDI Cap

Railway Infrastructure                                   100%          Automatic

Construction, operation and maintenance of the
following:

(i) Suburban corridor projects through PPP, (ii)

High speed train projects, (iii) Dedicated freight

lines, (iv) Rolling stock including train sets, and

locomotives/coaches     manufacturing and

maintenance facilities, (v) Railway Electrification,

(vi) Signaling systems, (vii) Freight terminals, (viii)

Passenger terminals, (ix) Infrastructure in industrial

park pertaining to railway line/sidings including

electrified railway lines and connectivities to main

railway line and (x) Mass Rapid Transport

Systems.

NOTE:
(i) Foreign Direct Investment in the abovementioned activities open to private sector

participation including FDI is subject to sectoral guidelines of Ministry of Railways.
(ii)Proposals involving FDI beyond 49% in sensitive areas from security point of view,

will be brought by the Ministry of Railways before the Cabinet Committee on Security
   (CCS) for consideration on a case to case basis.

FINANCIAL SERVICES

Foreign investment in other financial services, other than those indicated below, would
require prior approval of the Government.