FDI policy delayed

The Government´s plan to permit Foreign Direct Investment (FDI) in the Indian Railways may be delayed. The Union Ministry of Commerce and Industry has asked the Railway Ministry for clarity on the scope of the policy and the preferred route for bringing in the foreign investments. The Department of Industrial Policy and Promotion, which formulates foreign investment policies, had circulated a draft proposing 100 per cent FDI in the Railways, but the ministry has sought several changes. Contact: Indian Railways. Tel: 011-2338 9155. E-mail: froa@rb.railnet.gov.in Website:www.indianrailways.gov.in