Make in India boost! Indian Railways eyes over $4 bn investments with world-class private passenger trains
The national transporter has stated that it is eyeing over $4 billion investments with private passenger train services. Recently, the government has announced two major initiatives of seeking private investment, one is the running of passenger trains by private operators on the Indian Railways network and the other is the redevelopment of railway stations across the country. According to Indian Railways, these projects have the potential of bringing an investment of over $7.5 billion in the next five years. The national transporter has stated that it is eyeing over $4 billion investments with private passenger train services. Railway Ministry has invited both domestic as well as global investors to actively participate in the bidding process for these initiatives.
Foreign trade regulator rejig to cut imports, promote ‘Make in India’ and ‘Ease of Doing Business’
The Directorate General of Foreign Trade will realign itself along the lines of Prime Minister’s Make in India and will push for production of items domestically to cut down imports. The organisation is “focusing on creating more capacities within the country to produce items that can cut down imports and accelerate exports from the electronics and hardware sector, including ventilators,” Director General Amit Yadav said at an event organized by Electronics and Computer Software Export Promotion Council (ESC). He also said that the government-run agency is also taking suggestions from the industry and others as to the areas which promise new capacities to reduce import and accelerate exports.