OUTLOOK


Identifying Transit and the Railway infrastructure development as a critical enabler to the Indian economy, the Indian Government has recently initiated a number of investment and policy initiatives such as:

  • 100% Foreign Direct Investment (FDI) now permitted for high speed train projects, Mass Rapid Transport System (MRTS), dedicated freight corridors and suburban corridors.
  • The Indian Government has allocated an all-time high investment towards the railway sector in the Union Budget 2018-19 as it has a major impact on the rural economy and has proposed a capital investment of US$23.5 billion.
  • The Indian Government has plans to expand the Metro network in different cities and is looking for more external participation for such projects. It has allocated US$2.20 billion in 2018-19 for the expansion of Metro train projects in the country with plans to have Metro rails in 50 cities covering more than 700 kilometres.
  • Mumbai Metro 3 is the underground metro project of the country.
  • Numerous projects earmarked as "High Priority" which includes the Delhi Mumbai Industrial corridor and introduction of Bullet Trains in India.
  • 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 Trains. A Memorandum of Cooperation has been signed with Government of Japan for Mumbai-Ahmedabad High Speed Rail (MAHSR) project which includes transfer of technology.
  • Indian Railways is collaborating with Russian Railways to work on a 575-km long stretch between Secunderabad and Nagpur, which would allow the trains to run at speeds of more than 200 km/hr.
  • In order to develop three new arms of the Dedicated Freight Corridors (DFC) in the various regions of the country, Indian government is planning to invest US$50.98 billion.


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