New Delhi: Scouting for resources to meet its fund crunch, Railways is open to the idea of even 100 per cent FDI in its infrastructure development but would keep train operations out of its ambit.
“We have given our suggestion to the Cabinet and they have to take a call on the percentage... we would not mind having it up to the extent of 100 per cent but FDI would not be allowed in train operation”, Railway board chairman Arunendra Kumar said.
The rail budget presented on Tuesday in parliament proposed to attract private dom-estic and FDI in infrastructure projects and pursuing PPP to boost its finances. Justifying FDI, both railway minister Sadananda Gow-da and Mr Kumar said there was a need for huge investment. The minister, said the Cab-inet has to take a call.
