Exploring Foreign Direct Investment in Railway Modernisation Projects in India
| Published date | 01 March 2024 |
| DOI | http://doi.org/10.1177/00195561231204779 |
| Author | Chitresh Shrivastva,Reetika Syal |
| Date | 01 March 2024 |
Exploring Foreign
Direct Investment in
Railway Modernisation
Projects in India
Chitresh Shrivastva1 and Reetika Syal2
Abstract
Foreign Direct Investment (FDI) refers to the investment made by an external
actor, business interests of another country. The article aims to examine the role
of FDI in the modernisation projects in the Railways sector, using empirical and
analytical approaches through the use of primary and secondary data sources.
The study reveals that FDI has helped India undertake modernisation projects
such as High-Speed Rail Corridors and Dedicated Freight Corridors. An essential
outcome of the analysis is the need for stability in the policymaking process for
attracting foreign players in the Railways modernisation projects.
Keywords
Foreign Direct Investment, Indian Railways, modernisation, policymaking,
High-Speed Rail Corridor, Dedicated Freight Corridor
Introduction
Indian Railways is the fourth largest railway network in Asia, spanning 71,457
miles, with 39,146 miles of running tracks.1 The Railways run 21,000 trains daily,
carrying 1.3 million people and transporting approximately 1.16 billion metric
tonnes of freight. It is the 9th largest utility employer, with 1.23 million working
for it. The Railway sector post-2014 has gained immense prominence under the
current National Democratic Alliance rule with the coming of the Bhartiya Janata
Party to power, with a thrust to projects such as High-Speed Rail Corridor and
Article
Indian Journal of Public
Administration
70(1) 34–43, 2024
© 2023 IIPA
Article reuse guidelines:
in.sagepub.com/journals-permissions-india
DOI: 10.1177/00195561231204779
journals.sagepub.com/home/ipa
1 Department of Political Science, JAIN (Deemed-to-be University), Bengaluru, Karnataka, India
2 Centre for Public Policy Research, Kochi, Kerala, India
Corresponding author:
Chitresh Shrivastva, Department of Political Science, JAIN (Deemed-to-be University), Bengaluru,
Karnataka 560004, India.
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