Here are the updates on FDI flow in Railways echoed in Rajya Sabha

New Delhi, April 11: Rajya Sabha heard on the Foreign Direct Investment (FDI) flow in the Indian Railways. The Railways said that FDI equity inflow from April 2014 to December 2017 in Railway sector is US$ million 389.83.

The FDI investment has been utilized for the manufacturing of Rolling Stock (Coaches and Wagons including its parts), Signalling Equipment and Locomotives (Diesel and Electric) & parts of locomotives.

Ministry of Railways has signed Memorandum of Understanding (MoU) with China, France, Spain, South Korea, Japan, United Kingdom, Russia and Germany for cooperation in the area of High-Speed Railways. A Memorandum of Cooperation has been signed with Government of Japan for Mumbai-Ahmedabad High-Speed Rail (MAHSR) project which includes the transfer of technology and Make in India.

A large number of Foreign Governments and Railways have shown a keen interest in the station redevelopment program. These include French Railway (SNCF), Korean Railway, Governments of Federal Republic of Germany, China and the United Kingdom.

Foreign Direct Investment (FDI The financial year-wise break up is as under:-