The Cabinet has cleared the proposal to allow 100 percent FDI in railway infrastructure.

      

 
 
     Rail stocks are jumping with joy as the Modi government has stepped up its FDI hunt. The Cabinet has cleared the proposal to allow 100 percent FDI in railway infrastructure.
     The clearance is railway infrastructure that includes high speed train corridors, including dedicated bullet train corridors as well as dedicated freight corridors, suburban systems and railway sidings.
     The definition of infrastructure is likely to be widened because of this decision that was taken on railway infrastructure. Development activity related to several railway infrastructure related activities could find mention in the definition of infrastructure meaning that such projects will have easier access to priority loans from banks.