Showing posts with label Rail budget. Show all posts
Showing posts with label Rail budget. Show all posts

8 July 2014

New India rail minister seeks foreign investment

Indian Railway Minister Sadananda Gowda, left, shows the briefcase containing Rail budget for the year 2014 to media persons as he arrives in the parliament house to present the budget, as junior minister for Railways Manoj Sinha, center right, watches, in New Delhi, India, Tuesday, July 8, 2014. Indian Railways is one of the world's largest and serves 23 million passengers a day.
India's new rail minister on Tuesday proposed allowing foreign investment to modernize the country's cash-strapped state railways.
Sadananda Gowda also outlined plans for a network of high-speed trains, with the first project slated to connect the financial capital, Mumbai, with the home state of new Prime Minister Narendra Modi.