India Opens Vast Railway Network To Private Investment

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India Opens Vast Railway Network To Private Investment

Commuters wearing face masks wait on a platform to board a train at Pretoria Station as the Passenger Rail Agency of South Africa resumes its operations on July 1, 2020.India has opened up its vast railway sector to private companies, allowing firms to operate trains on certain routes, in a bid to boost its stuttering, virus-hit economy.

“This is the first initiative of private investment for running passenger trains over Indian Railways network,” the ministry said in a statement. Prime Minister Narendra Modi has sought to privatise a range of industries that have been under state control for decades, sparking criticism from the opposition Congress party.

 

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