FDI in railways: GE, Alstom ahead in race for bagging loco projects in Bihar

Last Updated: Tuesday, September 1, 2015, 23:29

GE and Alstom are believed to be ahead of other bidders in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar that are among the top eight infrastructure initiatives which are being monitored by the PMO.

FDI in railways: Three global cos bid for setting up loco factory

Last Updated: Monday, August 31, 2015, 23:02

Marking first major FDI offer in the railways, three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost of nearly Rs 1300 crore.

Rs 8.5 lakh cr to be pumped into Railways over 5 years: Suresh Prabhu

Last Updated: Tuesday, March 17, 2015, 19:14

Laying emphasis on capacity expansion, decongestion of network and passenger safety, Railway Minister Suresh Prabhu Tuesday said a massive Rs 8.5 lakh crore would be pumped in over the next five years to make it a viable organisation and bring back the road traffic.

LS passes Rail Budget; Govt wants a massive hike in investment

Last Updated: Thursday, March 12, 2015, 22:03

The Rail Budget for 2015-16 was passed by the Lok Sabha Thursday with Railway Minister Suresh Prabhu making a strong pitch for a massive hike in investment for the Railways.

Green signal for two big-ticket FDI proposals in Railways

Last Updated: Sunday, March 8, 2015, 11:43

In line with Prime Minister Narendra Modi's "Make in India" campaign, Railway Minister Suresh Prabhu has finally given green signal to the two much awaited big-ticket FDI proposals for setting up diesel and electric locomotive plants in Bihar at a cost of Rs 2,400 crore.

Union opposes FDI in Railways, threatens indefinite strike

Last Updated: Saturday, January 10, 2015, 11:05

The National Federation of Indian Railwaymen (NFIR) has vehemently opposed the Centre's proposal for FDI in Railways and threatened to go on indefinite strike in June this year.

Prabhu allays privatisation fear, seeks private investment in railways

Last Updated: Monday, December 22, 2014, 21:00

In the backdrop of railway unions voicing stiff opposition to any possibility of privatisation in the rail sector, Railway Minister Suresh Prabhu Monday allayed the apprehension, saying there should not be any misgiving on it.

RBI notifies new FDI policy for defence, railways infra

Last Updated: Monday, December 8, 2014, 22:16

The Reserve Bank Monday notified the government's decision to increase foreign investment ceiling in defence sector and permitting 100 percent FDI in railways infrastructure.

Cabinet to consider proposal to allow FDI in railways

Last Updated: Tuesday, January 7, 2014, 17:53

"DIPP has received the comments of the Home Ministry in which it has given in-principle approval to the proposal (to allow FDI in railways). Cabinet will take up the issue later this month," said an official source.

Govt may soon permit FDI in Indian Railways

Last Updated: Wednesday, September 18, 2013, 19:00

The government is likely to allow FDI in the cash-starved railways sector, particularly for development of rail lines between project sites and existing network, a top government official said.