India opens up its rail sector to foreign investment

On 6 August, the Union Cabinet of India approved 100 per cent foreign direct investment (FDI) in railway infrastructure. The proposal was originally introduced in the Railway Budget that was tabled in the Indian Parliament on 8 July.

The current rules, as they stand, do not permit FDI in the railways. Under the approved proposals, 100 per cent FDI would be allowed in railway infrastructure via the automatic route, i.e. without prior government approvals. The proposals are likely to allow for FDI in the following categories in the railway sector in India: high-speed rail projects; dedicated freight corridor; port connectivity; passenger and freight terminals; signalling systems; electrification; and manufacturing and maintenance of rolling stock.

However, the FDI is restricted to railways infrastructure only and it does not extend to train operations. It is expected that the railways minister of India will introduce a bill in the Indian Parliament soon to amend the current rules in line with the proposals approved by the Union Cabinet…

Click on the link below to read the rest of the Eversheds briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Eversheds

View more briefings from Eversheds

Analysis from The Lawyer

View more analysis from The Lawyer


1 Wood Street

Turnover (£m): 382
No. of lawyers: 1,218 (UK 200)
Jurisdiction: UK
No. of offices: 5
No. of qualified lawyers: 52 (International 50)
No. of partners: 20


View all jobs from this firm