Rail min allows 100% FDI for connectivity projects

Union Rail Ministry recently allowed 100 per cent FDI for the development of first- and last-mile connectivity projects at either end of the rail transportation chain providing connectivity to ports, large mines and logistics parks. The approval for FDI is given as part of a new policy for participative models in rail connectivity and capacity augmentation projects notified by the ministry recently. Hence, the railways will soon invite expression of interest from prospective investors.