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.
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