Bihar will get 1st big FDI in railways

Railway minister Suresh Prabhu has finally given the go-ahead to the long-stalled, big-ticket foreign direct investment (FDI) projects to set up state-of-the art diesel and electric locomotive manufacturing plants in Bihar .

• This is the the first major FDI in rail projects.The projects, closely monitored by the PMO.
• It was the first big ticket project under ‘Make in India’ initiative in the public transporter, GE and Alstom .
• Location : Marhora and Madhepura.
• Outlay :  Rs 40,000 crore.
• Railways will have 26 per cent equity while the global players will have 74 per cent equity in each of the plants.