The proposal for 100% FDI in Railways, which was prepared at the time of the UPA II government, is reported to be presented to the new government by the Ministry of Commerce and Industry. The FDI will be in high speed train systems, suburban corridors, high speed tracks and freight lines connecting port and mines. It is to be noted that these are the sections from which Railways get much revenue. Here also the UPA II government’s policy of gifting the Corporates the profitable side and retaining with the government the losing side is in clear evidence.

There is no need for FDI in Railways and it should be completely opposed.