Ministry nods FDI investment

The Ministry of Home Affairs has given its final nod to the proposal which allows foreign direct investment (FDI) in railways. The Cabinet Committee on Economic Affairs is likely to consider the proposal. The department of industrial policy and promotion (DIPP), which has already prepared a draft Cabinet note, is also awaiting the final go-ahead from the home ministry. It is essential that the DIPP obtains the necessary inputs from the ministry since it entails security concerns. Currently, FDI is not allowed in railway transport other than mass rapid transport systems and component manufacturing. Contact: Ministry of Home Affairs. Tel: 011-2309 2462. Fax: 011-2309 4221. Website: www.mha.nic.in