Home Ministry yet to respond on FDI in Railways

New Delhi:  The Home Ministry is yet to send its response on the Department of Industrial Policy and Promotion’s (DIPP) Cabinet note that seeks to allow foreign direct investment in railways, covering areas such as high-speed trains and infrastructure.

“The Commerce and Industry Ministry has sent the Cabinet note on the matter long back and despite repeated reminders, the Home Ministry has not yet sent its views. Due to security reasons, their comments are important on the issue,” an official source said.

The DIPP Secretary is also expected to soon write a letter to his Railways counterpart on the matter, sources said, adding that the delay in obtaining comments could hold back further opening up of the sector.

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